73   Extension of limitation period

(1)  Where a court:

(a)  removes an arbitrator or umpire,

(b)  restrains a party or an arbitrator or umpire from proceeding with an arbitration, or

(c)  sets aside an award in an arbitration,

      the court may at the same time or within six months afterwards, whether or not the limitation period fixed by or under this Act for the bringing of an action or for the commencement of an arbitration with respect to the difference or matter under arbitration has expired, order that the whole or any part of the time between the date of the commencement of the arbitration and the date of the order under this section do not count in the reckoning of the limitation period.

(2)  Where, after the expiration of a limitation period fixed by or under this Act, a court makes an order under this section, the prior expiration of the limitation period has no effect for the purposes of this Act.