The Supreme Court on Friday (October 31) delivered a key ruling under the Arbitration & Conciliation Act, 1996, clarifying that while mere delay in pronouncing an arbitral award does not invalidate it, an inordinate and unexplained delay making the decision ineffective or unworkable can render the award void.
The Supreme Court on Friday (October 31) delivered a key ruling under the Arbitration & Conciliation Act, 1996, clarifying that while mere delay in pronouncing an arbitral award does not invalidate it, an inordinate and unexplained delay making the decision ineffective or unworkable can render the award void.
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