The Delhi High Court has upheld an arbitral award directing the repayment of a friendly loan, ruling that a delay of approximately fourteen months in the pronouncement of the award does not, by itself, render it liable to be set aside under Section 34 of the Arbitration and Conciliation Act, 1996 (“AC Act”). The Division
14-Month Delay in Arbitral Award Not Fatal Absent Prejudice; Admission of Loan Liability Sustains Recovery Even with Defective Mortgage Deeds: Delhi High Court
