Assam Urban Water Supply & Sew. Board vs M/S. Subash Projects & Marketing Ltd

The Supreme Court addressed the applicability of Section 34 of the Arbitration and Conciliation Act, 1996, in relation to the limitation period for setting aside arbitral awards. The Court held that an application under Section 34(3) must be filed within three months of receiving the award, with a possible extension of 30 days for sufficient cause, as per the proviso. The Court upheld the decisions of the District Judge and the Gauhati High Court, affirming that the appellants' applications were time-barred and thus dismissed.