Dear Participants,
One agreement was entered into between X Department and Y Contractor. The Agreement stipulates that the differences/disputes arising out of the Agreement would be settled by way of Arbitration. The work was foreclosed by X Department during the year 2001. However, only during the year 2010, Y Contractor requests for appointment of Arbitral Tribunal to settle the 'disputes'. In my considered view, as per Limitation Act, the Y Contractor ought to have applied for/requested for appointment of Arbitral Tribunal within a period of three years from the date of foreclosure of the Agreement. In the instant case, I am of the view that the request of the Y Contractor is hit by Limitation. Am I correct?
