Conciliation Act

Supreme Court division bench directed the Calcutta High Court to decide the Application made by DVC under Section 34, The Arbitration and Conciliation Act, 1996, to set aside the arbitral award, within 3 months. The Apex Court further granted DVC 4 week’s time to comply with High Court order.

In continuation of his arguments made before Bench of Justice D.Y. Chandrachud, Justice Surya Kant and Justice Sanjiv Khanna, the Attorney General Venugopal continued his arguments by stating about the 2015 amendment in Arbitration and Conciliation Act, 1996 which came into force in 1st January 2016.

The Civil Court dismissed the Application for condonation of delay vide Order dated 14.02.2019