Award Passed After Inordinate And Unexplained Delay Can Be Set Aside U/S 34 Of Arbitration Act: Madras High Court

The Madras High Court ruled that an arbitration award passed after an inordinate and unexplained delay can be set aside under Section 34 of the Arbitration Act. The case involved a challenge to an arbitral award due to significant delays in issuing the decision. The Court emphasized that an excessive delay in rendering an award can undermine the fairness and efficiency of the arbitration process. It concluded that parties have the right to seek the annulment of an award if it is issued after an unreasonable delay. The ruling reinforced the importance of timely resolution in arbitration proceedings.