2002 (9) TMI 770 - HC - Companies Law

Summary

The High Court of Delhi dismissed the petition challenging an arbitration award dated 7th August, 1995, as it was filed beyond the prescribed period of limitation. The court held that when an award is filed in court by the arbitrator at the instance of a party to the agreement, it is considered as an application by that party, and in such cases, the limitation period applies. The objections were allowed, and the petition was dismissed.