Party That Accepts and Acts Upon an Arbitral Award Cannot Challenge It After Execution Proceedings Begin: Delhi High Court
The Delhi High Court has dismissed a petition challenging an interim arbitral award after holding that the challenge was filed beyond the statutory limitation period prescribed under Section 34 of the Arbitration and Conciliation Act, 1996. The Court observed that a party which had accepted the arbitral award, acted upon it, and enjoyed its benefits could not subsequently question its validity after execution proceedings had commenced. The Court also permitted…
