Dear Sir ,
a share broker company had filed a case against me and had it jurisdated by an arbitrator .The arbitrator had passed its award in my favour on 8.5.2009. The company refiled the case in the court on 5.9.2009 which is running in the court till date. But as per Central Government Act, Sec 34 of Arbitration & Conciliation Act 1996 'an application for setting aside arbitration judgement may not be made after 3 months have elapsed from the date on which the party making the application had recieved the arbitral award ,provided if the Court is satisfied that the applicant was prevented by sufficient cause from making application within the said period of 3 months it may entertain the application within a further period of thirty days but not thereafter" But as seen the Company didnt file any application within the said period of 3 months nor has it provided any sufficient cause. Its now quite a long time the other party is delaying the hearings and Im getting harassed with all the unnecesary expenditure and tension. Is there any time period for settlement?Is there much left to the case?
Regards,
