The Supreme Court of India in its recent judgment in has inter alia held that the time limit of 12 (twelve) months as provided under the amended Section 29A (1) of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”) for rendering an award does not apply to ‘international commercial arbitrations’. By this judgment, the Supreme Court has restricted the applicability of the time limit under the amended Section 29A of the Arbitration Act to domestic arbitrations and excluded international commercial arbitrations from its purview. The implication of this judgment is that it restricts the intervention of the Courts in international commercial arbitration in relation to any extension of timelines.
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