The Supreme Court dismissed the arbitration petition mainly because the claim was time-barred under applicable limitation laws.✅ The judgment emphasized that limitation laws must be strictly observed, and parties cannot seek arbitration for stale claims that are outside the prescribed legal timeline. ✅ Attempts to pursue criminal proceedings and delayed filings in other courts further demonstrated the lack of diligence by the petitioner, which the Court noted in rejecting relief. ✅ The case underscores the need for prompt legal action and awareness of limitation periods in commercial disputes and partnerships.#LimitationAct #TimeBarred #SupremeCourt

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