{"issue_text":"Whether the court has power to grant condonation for late filing of application to set aside arbitral award under Article 34(3) of Model Law","issue_type":"procedural","dispositive":"yes","related_facts":"Application filed 14 months after award; 3-month time limit expired"}
{"issue_text":"Whether financial incapacity constitutes valid ground to set aside arbitral award","issue_type":"law","dispositive":"no","related_facts":"Applicants claim inability to afford completing construction"}
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background
Facts of the Case
Background
The applicants sought to set aside an arbitral award made on 1 September 2004 by C.A. Banda. They filed their application on 10 November 2005, 14 months after the award was made available, seeking condonation for the late filing. The respondent had already registered the award on 19 July 2005.
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