Royal Education Society vs Lis(India)Construction Co. Pvt.Ltd

The Supreme Court upheld the dismissal of the appellant-Society's Arbitration Petition No.423 of 2004 under Section 34 of the Arbitration and Conciliation Act, 1996, challenging the arbitral award. The Court found that the respondent-company failed to complete the construction project within the stipulated time, and the appellant-Society did not grant any extension. The Court emphasized the importance of adhering to contractual timelines and the consequences of abandonment of work, affirming the arbitral tribunal's decision.