Section 29A Time Limit Does Not Apply To Arbitral Proceedings Commenced Before 2015 Amendment: Delhi High Court

The Delhi High Court clarified that the time limit stipulated under Section 29A of the Arbitration and Conciliation Act, 1996, does not apply to arbitral proceedings initiated before the 2015 amendment. The ruling addresses concerns regarding the retrospective application of the time limit, ensuring that arbitrations commenced before the amendment are not unduly affected. The decision is significant for parties involved in long-standing arbitration cases, providing clarity on the applicable legal framework. This ruling helps maintain the continuity of arbitration processes that began under the old regime, respecting the legal context in which they were initiated.