Arbitration has become a well-sought-after dispute resolution mechanism due to its expedience, and finality. However, arbitration has not always been synonymous with speedy resolution.... Read more »
In Ajay Protech Pvt. Ltd. v. General Manager & Anr., 2024 INSC 889, the Supreme Court clarified that under Section 29A(4) of the Arbitration and Conciliation Act, courts can extend the mandate of an arbitral tribunal even after its expiry, provided “sufficient cause” exists. The tribunal’s mandate, which lapsed on 09.04.2021, was extended till 31.12.2024… Read more »