Termination Of Mandate Of Arbitral Tribunal Results In Waste Of Time, Resources And Money, Court Allowed Petition U/S 29A (4) And (5) Of Arbitration Act: Delhi High Court

The Delhi High Court allowed a petition under Sections 29A(4) and (5) of the Arbitration Act, ruling that the termination of an arbitral tribunal’s mandate results in waste of time, resources, and money. The case involved a challenge to the termination of the tribunal’s mandate, which the Court found to be unnecessary and detrimental to the arbitration process. The Court emphasized that terminating a tribunal’s mandate without adequate cause leads to delays and inefficiencies in dispute resolution, thus affirming the need for fair handling of arbitration proceedings to avoid unnecessary complications.