Time bound arbitration proceedings

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..... Sub: Time bound arbitration proceedings. Please refer to our circular SMD/Policy/Cir-18/2002 dated August 28,2002 regarding time bound arbitration proceedings at the exchanges. In the circular, it was stipulated that the arbitral tribunal shall make the arbitral award within 3 months from the date of entering upon the reference. It was also stipulated that the time taken to mak .....

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..... unal shall make the arbitral award normally within 3 months from the date of entering upon the reference. Request for extension The time taken to make the award may not be extended beyond 3 times, by the Managing Director or Relevant Authority on an application by either of the parties or the arbitral tribunal, as the case may be. Notwithstanding the extensions granted i .....

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