Oriental Insurance Co. Ltd. v. Ambifin System
Case brief
What is this about?
The High Court dismissed the appeal filed under Section 37 of the Arbitration Act challenging an order dismissing Section 34 objections as time-barred. The court held that the objections were filed after the limitation period, and exclusion of time under Section 14 of the Limitation Act could not assist as the filing date remained beyond the expiry of the limitation.
What did the court decide?
The appeal was dismissed. Amount deposited in the Court is to be released to the respondent with accrued interest.