Appalling: Rajasthan HC on arbitral tribunal’s delay in deciding 2019 dispute despite payment of ₹14.5 crore fee
High CourtCommercial LawThe Rajasthan High Court has expressed its displeasure at the delay by an arbitral tribunal in deciding a 2019 dispute despite the payment of ₹14.5 crore in fees. The court's ruling emphasizes the need for efficient and timely dispute resolution. The court applied the principles of the Arbitration and Conciliation Act, 1996, which mandates that arbitral tribunals must act fairly and impartially. This ruling is significant for students as it highlights the importance of efficient dispute resolution and the need for arbitral tribunals to act in a timely manner.