Arbitral Award can be set aside for inordinate and unexplained delay

Director General Central Reserve Police Force Vs Fibroplast Marine Pvt. Ltd. (Delhi High Court)  Facts of the Case: The petitioner, the Director General of the Central Reserve Police Force, issued a tender inviting bids for supply of 288 numbers of Boat Assault Universal Type and 288 numbers of 50 HP Out Board Motor. In response to the same, the respondent Fibroplast Marine Pvt. Ltd., submitted its bid and was declared as the lowest bidder. Following that, the parties entered into an agreement. After a dispute arose between the parties, the respondent invoked the agreement to refer the disagr...