Application u/s. 34 of Arbitration and Conciliation Act after three months of arbitral award is time barred

Marg Limited Vs Srei Equipment Finance Limited (Calcutta High Court) Calcutta High Court held that application for setting aside of an award under section 34 of the Arbitration and Conciliation Act, 1996 cannot be made after three months from the date of arbitral award. Thus, application made after the time period is barred by limitation. Facts- The brief point which has arisen in the present case is whether the present application under Section 34 of the Arbitration and Conciliation Act, 1996 is barred by limitation. Notably, the respondent argues that Section 34 (3) of the 1996, Act stipula...