Larsen And Toubro Limited vs Puri Construction Pvt. Ltd. 2025 INSC 523 -Ss.34.37 Arbitration Act - Time Limit On Oral Submissions
Arbitration and Conciliation Act 1996 - Section 34,37- Lawyers' tendency to argue as if these proceedings were regular appeals - They must show restraint - The high monetary stakes involved in the proceedings should not result in unnecessarily long oral submissions or bulky written submissions. All this results in the criticism about the arbitrations in India. Therefore, there is a need to impose time limit on oral submissions in such cases. We cannot forget that this Court and the High Courts have the appellate jurisdiction in civil and criminal cases. These Courts should be in a position to also devote sufficient time to the cases of the common man. (Para 57-58)
Arbitration and Conciliation Act 1996 - Section 34,37- The powers of the Appellate Court under Section 37 of the Arbitration Act are not broader than those of the Court under Section 34 of the Arbitration Act. Therefore, what cannot be done in the exercise of the powers under Section 34 cannot be done in an Appeal under Section 37. An Arbitral Award cannot be modified. (Para 56)
