Stayed Period to be excluded in Limitation Calculation for Arbitral Tribunal Proceedings

Buoyant Technology Constellations Pvt. Ltd. Vs Manyata Infrastructure Developments Pvt. Ltd. (Karnataka High Court) The Karnataka High Court recently addressed a crucial aspect regarding arbitration proceedings in the case of Buoyant Technology Constellations Pvt. Ltd. vs. Manyata Infrastructure Developments Pvt. Ltd. The court deliberated on whether the period during which the proceedings before the Arbitral Tribunal were stayed should be excluded from the calculation of the twelve-month period for making an award under Section 29A(1) of the Arbitration and Conciliation Act, 1996. Detailed An...