HARI KRISHAN WATTAL vs VAIKUNTH NATH PANDYA

The Supreme Court held that under Section 14 of the Arbitration Act, the validity of an arbitration award can be challenged if it is made beyond the prescribed period unless there is a mutual written consent to extend the time. In this case, the Court found that the award was indeed made after the prescribed period but was valid due to multiple extensions agreed upon by both parties. The Court reversed the High Court's decision to supersede the reference to arbitration, thereby upholding the validity of the award.