Bombay High Court Dismisses Petition Challenging Arbitral Award in Loan Dispute — Limitation Period Runs from End of Loan Tenure When Creditor Has Option to Recall Loan on Default. The court held that the arbitrator's interpretation of the loan agreement, that cause of action arose at the end of tenure, was a possible view and not patently illegal under Section 34 of the Arbitration and Conciliation Act, 1996.
27 Feb 2019The petitioner, Paresh Prakash Pavetekar, had taken a loan from the respondent, Phoenix ARC Pvt. Ltd., repayable in equated monthly installments over ...





