New Delhi, Oct. 29 -- The Supreme Court on Wednesday said that delay in execution of arbitral awards strikes at the very rationale of adopting arbitration over conventional litigation and asked the Law Commission of India to make legislative and procedural recommendations to strengthen the execution regime. A bench headed by justice Vikram Nath said, "The efficacy of an arbitral regime cannot be measured merely by the expedition with which an award is rendered or the circumscribed grounds upon which it may be challenged. It must equally be assessed by the ability of the successful party to realise the fruits of the award within a reasonable time." The court was deciding an appeal filed by Royal Construction Company Pvt. Ltd. which had won a...