Both Parties Are Entitled To Get The Benefit Of The Latter Part Of Section 34(3) While Computing The Period Of Limitation: Delhi High Court

The Delhi High Court held that both parties in an arbitration dispute are entitled to benefit from Section 34(3) of the Arbitration and Conciliation Act, 1996, which concerns the computation of the limitation period for filing challenges to arbitral awards. This ruling ensures that the time period for challenging an award is fairly applied to both parties, thus preventing an imbalanced legal advantage in arbitration proceedings.