………………………… 29. Section 34(3) of the Arbitration and Conciliation Act, 1996, which is substantially similar to Section 125 of the Electricity Act came to be interpreted in Union of India v. Popular Construction Co. The precise question considered in that case was whether the provisions of Section 5 of the Limitation Act are applicable to an application challenging an award under Section 34 of the Arbitration and Conciliation Act, 1996. The two-Judge Bench referred to earlier decisions in Mangu Rum v. MCD6 7 8, Vidyacharan Shukla v. Khubchand RaglieP, Hukumdev Narain Yadav v. Lailit Narain Mishra, Patel Naranbhai Marghabhai v. Dhulabhai Galbabha and held: (Popular Construction Co. case, SCC pp. 474-76, paras 12 & 16) ―12. As far as the language of Section 34 of the 1996 Act is concerned, the crucial words are 'but not thereafter' used in the proviso to subsection (3). In our opinion, this phrase would amount to an express exclusion within the meaning of Section 29(2) of the Limitation Act, and would therefore bar the application of Section 5 of that Act. ―Parliament did not need to go further. To hold that the court could entertain an application to set aside the award beyond the extended further period under the proviso, would render the phrase ‗but not thereafter' wholly otiose. No principle of interpretation would justify such a result. Furthermore. Section 34(1) itself provides that recourse to a court against an arbitral award may be made only by an application for setting aside such award ‗in accordance with' subsection (2) and sub-section (3). Sub-section (2) relates to grounds for setting aside an award and is not relevant for our purposes. But an application filed beyond the period mentioned in Section 34. sub-section (3) would not be an application ‗in & accordance with' that sub-section. Consequently by virtue of Section 34(1), recourse to the court against an arbitral award cannot be made beyond the period prescribed. The importance of the period fixed under Section 34 is emphasised by the provisions of Section 36 which provide that: Enforcement.—Where the time for making an application to set aside the arbitral award under Section 34 has expired the award shall be enforced under the Code of Civil Procedure, 1908 (5 of 1908) in the same manner as if it were a decree of the court.' This is a significant departure from the provisions of the Arbitration Act, 1940. Under the 1940 Act, after the time to set aside the award expired, the court