Case Law Analysis
|Calcutta High Court
Section 37 Arbitration Act | Termination Rights Must Be Exercised Proximate to Triggering Event or Risk Waiver : Calcutta HC
Calcutta High Court upholds arbitral award, ruling that contractual termination rights must be exercised within a reasonable time of the triggering event. Delayed action or continued conduct amounts to waiver, and judicial review under Section 37 is confined to patent illegality, not reinterpreting contract terms.