Section 29A of ACA : Section 29A: Time Limit For Arbitral Award
ACA
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Explanation using Example
Imagine a scenario where two companies, A and B, are involved in a contractual dispute regarding the delivery of goods. Company A, the buyer, claims that Company B, the seller, has not fulfilled the contract terms. They decide to resolve their dispute through arbitration rather than going to court.
The arbitration process begins, and the arbitral tribunal is formed. According to Section 29A of the Arbitration and Conciliation Act, 1996, the tribunal has twelve months from the completion of pleadings to make an award. The pleadings are completed on April 1, 2023, which means the tribunal should ideally make an award by April 1, 2024.
However, the trib...
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