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The Supreme Court Reiterates: Benefit Under Section 34(3) Of The Arbitration Act Accrues Irrespective Of A Section 33 Application’s Merit Or Outcome
The Supreme Court of India has clarified the interplay between Sections 33 and 34(3) of the Arbitration and Conciliation Act, 1996, establishing that the limitation period for challenging an arbitral award is deferred regardless of the nature or outcome of correction applications filed under Section 33. This landmark ruling addresses whether parties must file simultaneous remedies or can await tribunal decisions on correction applications before initiating challenge proceedings.
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