Invocation of Arbitration Beyond Stipulated Period In Clause Does Not Frustrate Parties' Intent To Arbitrate: Calcutta High Court

The Calcutta High Court ruled that the invocation of arbitration beyond the stipulated period clause does not frustrate the parties' intent to arbitrate. The court emphasized that the intention to arbitrate prevails despite procedural delays, affirming the sanctity of arbitration agreements. The decision underscores the judiciary's support for arbitration as an effective dispute resolution mechanism, promoting certainty and adherence to contractual obligations.