Shri Vishnu Tulsidas Sipahimalani vs Smt. Kanta Suresh Sipahimalani

The Supreme Court upheld the High Court's decision rejecting the appellant's Arbitration Petition No. 242 of 1997 for the supersession of the arbitrator, while granting the respondent's Arbitration Petition No. 239 of 1997 for an extension of time for the arbitrator to make the award. The Court emphasized the importance of adhering to the arbitration process as outlined in the Indian Arbitration Act, 1940, particularly under Section 34, which allows for the appointment and functioning of arbitrators. The outcome affirmed the High Court's discretion in managing arbitration timelines and the appointment of arbitrators.