Supreme Court overturned High Court order appointing arbitrator for State of West Bengal contract dispute.
Court ruled contractor's 2022 arbitration notice for 2000-completed work was time-barred after 21-year delay.
Decision clarified limitation period for arbitration claims under Section 43 of Arbitration and Conciliation Act 1996.
Court emphasized law favors diligent parties, not those who sleep over claims for decades.