Rashtriya Ispat Nigam Ltd. vs. M/s. Prathyusha Resources & Infra Private Ltd. & Anr. – (SC)

Arbitration & Conciliation Act, 1996–Sec. 34–Setting aside of award as the relief was barred by limitation–High Court set aside the order and uphold the award–Appreciation of–Relevant date for arising of cause of action–Bills were raised vide letter dated 4.9.1998 and the same resulted into the exchange of letter forming the base of dispute–Subsequent letters showing that the bills were not finalized–Held, cause of action arose on 4.9.1998 and the claim was not barred by limitation.