Akshaya Private Limited v. B.L.Kashyap and Sons Limited
Case brief
What is this about?
The High Court at Madras allowed an application to condone a 231-day delay in representing a Section 34 petition under the Arbitration and Conciliation Act. The court held that though the Act lacks explicit provision for delay, the assigned reasons were reasonable, permitting condonation on terms.
What did the court decide?
Application allowed on condition that the applicant pays costs of Rs.1,50,000/- to the respondent's counsel by 05.02.2026 thereby facilitating the numbering and admission of the main petition.