Union Of India vs Tecco Trichy Engineers & Contractors

The Supreme Court addressed the issue of the effective date of receipt of an arbitral award under Section 34 of the Arbitration and Conciliation Act, 1996. It clarified that the limitation period for setting aside an arbitral award begins from the date the party receives the award, as stipulated in sub-section (3) of Section 34. The Court upheld the High Court's decision that the application for setting aside the award was barred by limitation, as it was filed beyond the permissible period, thus affirming the rejection of the application for condonation of delay.