New Delhi, Oct. 29 -- The Supreme Court on Wednesday said that delay in execution of arbitral awards strikes at the very rationale of adoptingarbitration over conventional litigation and asked the LawCommission of India to make legislative and proceduralrecommendations to strengthen the execution regime. A bench headed by justice Vikram Nath said, "The efficacy of an arbitral regime cannot be measured merely by theexpedition with which an award is rendered or thecircumscribed 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 RoyalConstruction Company Private Limited which had won an award against National ProjectsConstruction CorporationLimited (NPCC) in 2002 and has been waiting its execution for the past 24 years.htc...