(1) The Limitation Act, 1963 (36 of 1963), shall apply to arbitrations as it applies to proceedings in court.
(2) For the purposes of this section and the Limitation Act, 1963 (36 of 1963), an arbitration shall be deemed to have commenced on the date referred to in section 21.
(3) Where an arbitration agreement to submit future disputes to arbitration provides that any claim to which the agreement applies shall be barred unless some step to commence arbitral proceedings is taken within a time fixed by the agreement, and a dispute arises to which the agreement applies, the Court, if it is of opinion that in the circumstances of the case undue hardship would otherwise be caused, and notwithstanding that the time so fixed has expired, may on such terms, if any, as the justice of the case may require, extend the time for such period as it thinks proper.
(4) Where the Court orders that an arbitral award be set aside, the period between the commencement of the arbitration and the date of the order of the Court shall be excluded in computing the time prescribed by the Limitation Act, 1963 (36 of 1963), for the commencement of the proceedings (including arbitration) with respect to the dispute so submitted.
Arbitration and Conciliation Act 1996
Section 41 of Arbitration Act - Provisions in case of insolvency
Section 42 of Arbitration Act - Jurisdiction
Section 42A of Arbitration Act - Confidentiality of information
Section 42B of Arbitration Act - Protection of action taken in good faith
Section 43 of Arbitration Act - Limitations
Section 44 of Arbitration Act - Definition
Section 45 of Arbitration Act - Power of judicial authority to refer parties to arbitration
Section 46 of Arbitration Act - When foreign award binding
Section 47 of Arbitration Act - Evidence
Section 48 of Arbitration Act - Conditions for enforcement of foreign awards
Section 49 of Arbitration Act - Enforcement of foreign awards
Section 50 of Arbitration Act - Appealable orders