LALITKUMAR V. SANGHAVI (D) TH LRS.NEETU vs DHARAMDAS V. SANGHAVI .

The Supreme Court, while addressing a delay in filing a Special Leave Petition under the Arbitration and Conciliation Act, 1996, condoned a delay of 717 days and allowed the substitution of the deceased appellant by his legal representatives. The Court emphasized the importance of resolving disputes through arbitration as stipulated in the partnership deed dated 20th October 1962. The ruling reinforces the authority of arbitrators to terminate proceedings for lack of interest by the parties, as demonstrated in the case where the arbitration was terminated due to the claimant's inaction.