S C Agarwal vs. Container Corporation of India Ltd & Anr.
Background
S C Agarwal sought a 12-month extension of the mandate of an arbitral tribunal hearing his dispute with Container Corporation of India, so that the arbitration proceedings, which had not concluded within their existing time limit under the Arbitration and Conciliation Act, could continue instead of lapsing.
Decision Breakdown
With the respondent raising no objection, the Court extended the tribunal's mandate by a further 12 months from expiry of the existing period, regularised any intervening gap, and directed the tribunal to make every effort to conclude and deliver its award within the extended time.
Lesson Learnt
Where an arbitration is running past its statutory time limit through no fault of the parties, courts routinely grant a further extension on request so that the case can be decided on its merits rather than restarting from scratch.