If Arbitral Tribunal has already provided full and sufficient opportunity for cross-examination, no further extension of time is warranted | The parties are treated with equality and each party is given full opportunity to present its case – Serosoft Solutions Pvt. Ltd. Vs. Dexter Capital Advisors Pvt. Ltd. – Supreme Court
January 7, 2025
The Hon’ble Supreme Court held that it is the statutory duty of the Arbitral Tribunal to ensure that the parties are treated with equality and each party is given full opportunity to present its case. At the same time, there is yet another statutory obligation, which is imposed on the judicial authorities. That is the statutory incorporation of judicial restraint in interfering with matters governed under Part I of the Act relating to arbitration agreement, composition and jurisdiction of Arbitral Tribunal, coupled with the conduct of the proceedings and making, challenge and enforcement of the award.