561. Extension of time for making the award.

561.     Extension of time for making the award.

Where the time for making an award is limited by or in pursuance of the arbitration agreement1, then, unless otherwise agreed by the parties2, the court3 may by order extend that time4. An application for such an order may be made by the arbitral tribunal5 (upon notice6 to the parties) or by any party to the proceedings (upon notice to the tribunal and the other parties), but only after exhausting any available arbitral process7 for obtaining an extension of time8