Receipt Of Arbitral Award By Party A Sine Qua Non For Limitation U/S 34(3) To Begin, General Clauses Act Does Not Apply: Allahabad High Court

The Allahabad High Court ruled that the limitation period for challenging an arbitral award under Section 34 of the Arbitration and Conciliation Act begins when the party receives the award, not when the award is issued. This ruling is significant for parties involved in arbitration, as it clarifies that the countdown for the limitation period is triggered by receipt, ensuring a fair timeframe for parties to contest unfavorable awards.