Delayed Arbitration Award Can Be Sustained; Court Clarifies Power to Extend Arbitrator’s Mandate: Supreme Court

The Supreme Court of India has delivered an important ruling clarifying that courts have the power to extend an arbitrator’s mandate even after an arbitral award is delivered beyond the statutory time limit. The Court held that mere delay in passing an award does not automatically invalidate the entire arbitration process and does not permanently bar judicial intervention. Bench deciding the case The matter was decided by the Supreme Court…