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 lower court's decision.