Arbitration and Conciliation Act, 1996 – Section 34(2)(b)(ii), 34(2A), 14(2) – This judgment addresses the validity of an arbitral award challenged due to undue delay in pronouncement and its failure to resolve the core disputes, essentially compelling the parties to further litigation. The court examined whether such an award can be set aside for perversity, patent illegality, or being against public policy.
The Arbitrator’s award, pronounced nearly four years after reserving it, declared sale deeds executed by one party (the Company) as illegal but failed to provide any equitable relief, instead directing a fresh round of arbitration/litigation.
The court analyzed previous judgments on the impact of delayed awards and highlighted that while delay isn’t a standalone ground for setting aside an award, it can contribute to the award being against public policy or patently illegal if it affects the findings.