Cmc Ltd vs M.P.Stock Exchange & Anr

The Supreme Court addressed the maintainability of a writ petition challenging the dismissal of an application under Section 34 of the Arbitration and Conciliation Act, 1996. The Court emphasized that proceedings under Section 34 are intended to be summary in nature, as established in Fiza Developers & Inter-Trade (P) Ltd. v. AMCI (I) Pvt. Ltd. The Court set aside the dismissal order and restored the application for expeditious disposal, directing the lower court to resolve the matter within four months.