9911796707
TMI BlogThe period of limitation for filing a petition u/s 34 of the Arbitration Act commenced from 1st July...The period of limitation for filing a petition u/s 34 of the Arbitration Act commenced from 1st July 2022, excluding 30th June 2022 when the award was received. The three-month limitation period expired on 30th September 2022, a day before the pooja vacation commenced on 1st October 2022. The appellants were not entitled to the benefit of Section 4 of the Limitation Act as the prescribed period ended on 30th September 2022. The maximum 30-day extension u/s 34(3) expired on 30th October 2022, but the petition was filed on 31st October 2022. The High Court rightly held that the petition was not filed within the specified period u/s 34(3). The appeal was dismissed. ..... X X X X Extracts X X X X X X X X Extracts X X X X
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