OIL & NATURAL GAS CORPORATION LTD. vs M/S NIPPON STEEL CORPORATION LTD.

The Supreme Court held that the filing of the award by M/s Little & Co. on behalf of the arbitrator on 23.3.1996 constituted a deemed notice under Section 14(2) of the Arbitration Act, 1940, thereby commencing the limitation period for setting aside the award. The Court clarified that the statutory scheme under the Arbitration Act mandates that the Court must notify the parties upon the filing of the award, and the limitation period begins from the date of such notice. The appeal was allowed, affirming the High Court's decision regarding the commencement of limitation.