Page 7 - வணிகரீதியானது நீதிமன்றங்கள் நாடகம் News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Supreme Court Reserves Orders On Lifting Limitation Period Extension; AG Suggests Exclusion Of 15 03 2020 To 14 03 2021 From Limitation Period
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Commercial Matters Involving Arbitration Disputes Can Only Be Heard By Commercial Court Of Status Of District Judge/Addl District Judge: Madhya Pradesh High Court
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Supreme Court Proposes To Lift Suo Moto Extension Of Limitation Given In View Of COVID; Might Give 90 Days Grace Period
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Supreme Court of India (File photo)
NEW DELHI: With high commercial value disputes getting regularly referred to arbitration in India, the Supreme Court has decided to sort out prevailing confusion over what is the limitation period for filing of appeal against arbitral award - 90 days or 120 days.
But, the attempt to clear the confusion saw parallel proceedings in the Supreme Court as two coordinate benches took up the matter and passed orders. The confusion over the limitation period for filing appeal against arbitral awards arose from judgements of the SC, one holding that it was 90 days while others stating that it was extendable to 120 days.
Attracting Infra Investments
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