Court cannot ratify an arbitral award ex post facto by extending time: Madras High Court [Read Order]

The ruling was passed on a reading of Section 29A (4) of the Arbitration and Conciliation Act, 1996.
Court cannot ratify an arbitral award ex post facto by extending time: Madras High Court [Read Order]
Madras High Court

The Madras High Court on Friday clarified that where an arbitral award is passed after the expiry of the period stipulated for passing the same, the Court cannot retrospectively validate such an award by granting an extension of time afterwards (Suryadev Alloys and Power Pvt. Ltd. v. Shri Govindaraja Textiles Pvt. Ltd.).

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