Supreme Court of India · 2019-08-27
JAYESH H.PANDYA vs SUBHTEX INDIA LIMITED THROUGH ITS DIRECTOR
- Citation / case number
- SC 2008/18319
- Court
- Supreme Court of India
- Petitioner
- JAYESH H.PANDYA
- Respondent
- SUBHTEX INDIA LIMITED THROUGH ITS DIRECTOR
- Author
- HON'BLE MR. JUSTICE AJAY RASTOGI
- Bench
- HON'BLE THE CHIEF JUSTICE, HON'BLE MR. JUSTICE MOHAN M. SHANTANAGOUDAR, HON'BLE MR. JUSTICE AJAY RASTOGI
Judgment text excerpt
The Supreme Court upheld the High Court's decision that the appellants waived their right to extend the time for arbitration proceedings under Section 29A of the Arbitration and Conciliation Act, 1996. The Court emphasized that parties must adhere to the stipulated timelines unless a valid extension is sought and granted. The appeal was dismissed, affirming the High Court's ruling on the waiver of rights regarding arbitration timelines.