Overview
In this case, the Delhi High Court basically clarified whether an unexplained delay in delivery of an arbitral award can be considered as a ground to set it aside. A petition was filed under Section 34 of Arbitration and Conciliation Act, 1996 by IFFCO Tokyo General Insurance Company challenging the arbitral award which was passed in the favour of the respondents, Unison Hotels Private Limited.
The matter was not merely related to the quantum of money, but it raised a question as to the time period under which an arbitral award has to be delivered. The court had to examine that to what extent the validity of an arbitral award is affected when it is delayed by two years.
Facts
The matter arose from two insurance policies taken by the respondent, Unison Hotels Pvt. Ltd. from the petitioner, IFFCO Tokio General Insurance Company, valid from 1 April 2007 to 31 March 2008.
On 26 January 2008, the hotel caught fire and the insurance amount was claimed from the petitioner. During the pendency of the case, a certain amount was paid by the insurance company to the respondent and on 30 January 2012, the claim was treated as final and completed.
Following this, the respondent invoked the arbitration clause as mentioned in the insurance policy and an arbitral tribunal was appointed. The petitioner argued that since the claim had already been fully settled, there was no dispute to be settled in the first place. It was also alleged that once the settlement is accepted, the matter cannot be reopened through arbitration. Unison Hotels responded by saying that the settlement was involuntarily made while claiming the existence of the dispute.
The arbitral tribunal held that the settlement was not voluntary and decided to hear the matter based on merits. The award was reserved on 6 March 2021 and was finally delivered on 6 March 2023, two years later. Due to this, the petitioner approached the Delhi High Court for setting aside the award on the basis of a delay of two years in the delivery of the award.
Legal Issues
Decision
The Delhi High Court stated that the delay alone cannot be a ground to set aside an arbitral award. However, if the reasons behind the delay cannot be explained properly and affects the quality of the reasoning of the tribunal, then it can be considered as a valid ground and the award can be set aside.
In this case, the delay was caused due to COVID-19 pandemic, but still a large gap persisted, even after it came to an end. The Delhi High Court referred to the case of Lancor Holdings Ltd. v. Prem Kumar Menon and observed that one of the core feature of arbitration is efficiency. When there is a long gap in delivery of an award, it creates a question as to whether the arguments made by the parties were properly considered by the arbitrators.
Since there was an unexplained delay in delivery of the award, the court held the award to be unsustainable, and it was set aside.
Case Reference :- O.M.P. (COMM) 197/2023, I.A. 20470/2023 & I.A. 30914/2025 (SJB, Delivered by Avneesh Jhingan, J.) IFFCO Tokio General Insurance Company Ltd. Vs. Unison Hotels Pvt. Ltd.
Disclaimer
In Compliance with Indian Regulations, Kindly Review the User Acknowledgement and Disclaimer below and then Proceed.
User Acknowledgement
By proceeding further and clicking on the "ACCEPT" button herein below, I acknowledge that I of my own accord wish to know more about Law Senate (LS) for my own information and use. I further acknowledge that there has been no solicitation, invitation or inducement of any sort whatsoever from Law Senate (LS) or any of its members to create an Attorney-Client relationship through this website. I further acknowledge having read and understood the Disclaimer below
This website (www.lawsenate.com) is a resource for informational purposes only and is intended, but not promised or guaranteed, to be correct, complete, and up-to-date. Law Senate (LS) does not warrant that the information contained on this website is accurate or complete, and hereby disclaims any and all liability to any person for any loss or damage caused by errors or omissions, whether such errors or omissions result from negligence, accident or any other cause. Law Senate (LS) further assumes no liability for the interpretation and/or use of the information contained on this website, nor does it offer a warranty of any kind, either expressed or implied. The owner/Partners of this website do not intend links from this site to other internet websites to be referrals to, endorsements of, or affiliations with the linked entities. Law Senate (LS) is not responsible for, and makes no representations or warranties about, the contents of Web sites to which links may be provided from this Web site.
This website is not intended to be a source of advertising or solicitation and the contents of the website should not be construed as legal advice. The reader should not consider this information to be an invitation for a lawyer-client relationship and should not rely on information provided herein and should always seek the advice of competent counsel licensed to practice in the reader's country/state. Transmission, receipt or use of this website does not constitute or create a lawyer-client relationship. No recipients of content from this website should act, or refrain from acting, based upon any or all of the contents of this site.
Furthermore, the owner of this website does not wish to represent anyone desiring representation based solely upon viewing this Web site or in a country/state where this website fails to comply with all laws and ethical rules of that state. Finally, the reader is warned that the use of Internet e-mail for confidential or sensitive information is susceptible to risks of lack of confidentiality associated with sending email over the Internet.
As per the rules of the Bar Council of India, lawyers are not permitted to advertise themselves. The information about the Firm, its Key Practice Areas or its Key Team Members provided under this website is only for informational purposes and it should not be interpreted as soliciting or advertisement of any nature whatsoever.
The information provided on this website is for general information only. It is not intended to create or promote an attorney-client relationship and does not constitute and should not be relied upon or construed as legal advice.
Communications via this website also do not create an attorney-client relationship. Visitor should always seek appropriate professional advice before acting on the basis of any information contained herein.