The Arbitration and Conciliation Act, 1996 [“the Act”] provides a speedy resolution of disputes to the litigants with minimal judicial interference. These two fundamental features of the Act are reflected in Section 29A of the Act which inter alia enjoins the Arbitral Tribunal to pass the Arbitral Award in a time bound manner i.e. within… Continue reading Independence and Impartiality of Arbitral Tribunal
Tag: Section 18
Can Time Barred Debts be Revived?
In India, the Limitation period for recovery of money is three years as per the Limitation Act 1963 [“the Act”]. The date from which such period of limitation begins to operate differs from case-to-case basis. For example, Article 19 of the Act stipulates that the limitation period for money lent begins to operate from the… Continue reading Can Time Barred Debts be Revived?