S. 14 Limitation Act Applicable To Proceedings Under Arbitration & Conciliation Act : Supreme Court

The Supreme Court has ruled that the Limitation Act’s Section 14 is applicable to proceedings under the Arbitration and Conciliation Act, allowing parties to seek the exclusion of time spent in pursuing alternate remedies or filing proceedings in the wrong forum. Section 14 of the Limitation Act deals with the exclusion of time when a party is pursuing remedies in the wrong court or tribunal. This ruling affirms that parties involved in arbitration proceedings can benefit from the provision, providing a fairer approach to resolving disputes. The Court’s interpretation strengthens the position of parties seeking redress under the Arbitration Act by ensuring they are not penalized for time spent on alternate legal recourse. This judgment is crucial in enhancing the efficacy and fairness of the arbitration process.