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CS Professional · Arbitration, Mediation and Conciliation · Emerging Aspects: Fast Track and Virtual Arbitration

Meera Exports and Bharat Logistics agreed to fast track arbitration. The sole arbitrator entered upon the reference on 1 March. By what date must the award be made under Section 29B, and what applies if this is missed?

The award is due within six months of the tribunal entering upon the reference, so by 1 September. If it is missed, Section 29B(5) applies sub-sections (3) to (9) of Section 29A to the proceedings.

  1. ABy 1 September; Section 29A(3) to (9) applyCorrect
  2. BBy 1 March of the next year; no extension is possible
  3. CBy 1 September; the mandate terminates automatically with no Court role
  4. DBy 1 June; Section 29A(1) to (2) apply

Explanation

Section 29B(4) requires the award within six months from the date the tribunal enters upon the reference, i.e. by 1 September. Under Section 29B(5), if missed, sub-sections (3) to (9) of Section 29A apply, which deal with extension and related consequences. The mandate does not automatically end without those provisions.

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