STATE OF MAHARASHTRA vs M/S. ARK BUILDERS PVT.LTD.

The Supreme Court addressed the issue of limitation under Section 34 of the Arbitration and Conciliation Act, 1996, determining that the period for filing an application to set aside an arbitral award begins from the date a signed copy of the award is received by the objector. The Court held that since the appellants received the certified copy of the award on January 19, 2004, their application filed on January 28, 2004, was within the limitation period and thus maintainable. The earlier dismissal by the Principal District Judge was overturned, affirming the appellants' right to challenge the award.