SC Sets Aside Arbitral Award Delivered After 44-Month Delay

Lancor Holdings Limited Vs Prem Kumar Menon and others (Supreme Court of India) Justice Delayed is Justice Denied-SC Sets Aside Arbitral Award Delivered After 44-Month Delay –Arbitrator’s 3½-Year Silence Fatal to Award – Held Opposed to Public Policy- Unworkable & Inconclusive Award Quashed – Fresh Arbitration Ordered The Supreme Court in M/s. Lancor Holdings Ltd. v. Prem Kumar Menon & Ors. held that an arbitral award pronounced three years &  eight months after conclusion of hearings was vitiated by inordinate delay, lack of finality, &  unfairness, making it contra...