Arbitration | When Delay In Pronouncing Arbitral Award Can Be Ground To Set It Aside : Supreme Court Explains

The Supreme Court on Friday (October 31) delivered a key ruling under the Arbitration & Conciliation Act, 1996, clarifying that while mere delay in pronouncing an arbitral award does not invalidate it, an inordinate and unexplained delay making the decision ineffective or unworkable can render the award void. The Court further held that an award lacking consequential relief and...