Recently, the Supreme Court of India upheld that an application for setting aside an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996, must be filed within the prescribed period of limitation i.e. 90 +30 days.

The judgment sets a strict reminder that timelines for filing a challenge to an arbitral award are sacrosanct - even days on which the courts are closed will not be excluded while calculating the limitation period.

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