U/s 34(3) Limitation Period Absolute; Condonation Requires Diligence and Bona Fide Reasons: Delhi High Court
In a recent decision by the Delhi High Court dated January 8, 2024, Justice Prathiba M. Singh adjudicated on a case under the Arbitration and Conciliation Act, 1996, involving a dispute between the National Research Development Corporation (NRDC) and Chromous Biotech Pvt Ltd regarding the development of a rapid molecular diagnostics kit for malaria detection. Background: The dispute arose from a royalty agreement dated October 18, 2011, between NRDC, a…
