law: Arbitration Act 1940
  Section 43
  Limitations
  (1) The Limitation Act, 1963, shall, apply to
  
  arbitrations as it applies to proceedings in court.
  (2) For the purposes of this section and the
  
  Limitation Act ,1963 , an arbitration shall be deemed to
  
  have commenced on the date referred in section 21.
  (3) Where an arbitration agreement to submit
  
  future disputes to arbitration provides that any claim to which the agreement
  
  applies shall be barred unless some step to commence arbitral proceedings is
  
  taken within a time fixed by the agreement, and a dispute arises to which the
  
  agreement applies, the Court, if it is of opinion that in the circumstances of
  
  the case undue hardship would otherwise be caused, and notwithstanding that the
  
  time so fixed has expired, may on such terms, if any, as the justice of the
  
  case may require, extend the time for such period as it thinks proper.
  (4) Where the Court orders that an arbitral
  
  award be set aside, the period between the commencement of the arbitration and
  
  the date of the order of the Court shall be excluded in computing the time
  
  prescribed by the Limitation Act, 1963, for the Commencement of the proceedings
  
  (including arbitration) with respect to the dispute so submitted.