Section 34 Arbitration and Mediation Act

Section 34 Arbitration and Mediation Act 2023 is about Application of statutes of limitation to arbitral proceedings. It is under Part I (Arbitration) of the Act.

(1) Applicable statutes of limitation shall apply to arbitral proceedings as they apply to judicial proceedings.

(2) In computing the time prescribed by a statute of limitation for the commencement of judicial, arbitral or other proceedings in respect of a dispute which was the subject matter of-
(a) an award which the court orders to be set aside or declares to be of no effect, or
(b) the affected part of an award which the court orders to be set aside in part, or declares to be part of no effect, the period between the commencement of the arbitration and the date of the order referred to in paragraph (a) or (b) shall be excluded.

(3) In determining for the purposes of a statute of limitation when a cause of action accrued, any provision that an award is a condition precedent to bring legal proceedings in respect of a matter to which an arbitration agreement applies shall be disregarded.

(4) In computing the time for the commencement of proceedings to enforce an arbitral award, the period between the commencement of the arbitration and the date of the award shall be excluded.