Delhi High Court affirms Rs. 662 crore arbitral award favoring Toyo Engineering-L&T consortium, dismissing IOCL's Section 34 challenge in a landmark decision. Case Title: Indian Oil Corporation Ltd. v. Toyo Engineering Corporation and Anr. Coram: Justice Amit Bansal The Delhi High Court has dismissed a petition filed by Indian Oil Corporation Ltd. under Section 34 of the Arbitration and Conciliation Act, 1996 challenging an arbitral award dated 11th March, 2019, whereby a con

Exploring the Supreme Court's Strict Deadline for Challenging Arbitral Awards: "One Day Late, One Case Lost" - A Critical Analysis by adrEdge. Time limits in arbitration law are not mere procedural formalities. The legislature has drawn them tightly, and the Supreme Court of India has consistently refused to permit litigants to stretch them through creative use of the general law of limitation. The decision in State of West Bengal v. Rajpath Contractors and Engineers Ltd., d