Supreme Court Clarifies: Arbitrator Substitution Not Automatic Post-Mandate Expiry under Section 29A, Outlining Judicial Powers. Introduction Time-bound arbitration was introduced in India with the objective of curbing delays and improving the efficiency of arbitral proceedings. Section 29A of the Arbitration and Conciliation Act, 1996, inserted by the Arbitration and Conciliation (Amendment) Act, 2015, mandates the completion of arbitral proceedings within a prescribed perio