The present research paper attempts to examine the applicability of the provisions of Limitation Act, 1963 to the arbitration proceedings under the Arbitration and Conciliation Act, 1963 (36 of 1963). The paper investigates the problematic question whether the limitation Act shall apply to arbitrations as it applies to proceedings in court? The concepts like Date of Commencement, Extension of Time and Exclusion of Time have also been covered. The legislative and judicial trends have also been examined in the conceptual and applied aspects.