ASSAM URBAN WATER SUPPLY & SEW. BOARD vs M/S. SUBASH PROJECTS & MARKETING LTD.

The Supreme Court upheld the dismissal of the appellants' applications to set aside arbitral awards under Section 34 of the Arbitration and Conciliation Act, 1996, citing the limitation period specified in Section 34(3). The Court clarified that the applicability of Section 5 of the Limitation Act, 1963, as discussed in Union of India Vs. Popular Construction Co., does not extend to the present case, where the appellants sought extension under Section 4 of the Limitation Act. The Court affirmed the High Court's ruling, emphasizing adherence to statutory timelines for arbitration proceedings.