BOARD OF CONTROL FOR CRICKET IN INDIA vs KOCHI CRICKET PVT LTD AND ETC

The Supreme Court interpreted Section 26 of the Arbitration and Conciliation (Amendment) Act, 2015, clarifying that the amended Section 36 applies to arbitral proceedings initiated after the Amendment Act's commencement on 23rd October 2015, unless parties agree otherwise. The Court held that applications filed under Section 34 of the 1996 Act prior to the Amendment Act's enforcement are governed by the original provisions, thus establishing a clear demarcation for applicability of the amended law. The appeals were adjudicated based on the timing of the applications relative to the Amendment Act's effective date.