The Arbitration and Conciliation Act, 1996 (“the Arbitration Act”) is like that scripture that never stops giving. Every time you read it, you discover a new meaning, a new interpretation and a new.
A party having agreed for resolution of disputes through arbitration, cannot be said to have agreed with arbitral award even if the same is not sustainable in the eyes of law.
Foreign award creditor may bring claim under Racketeer Influenced and Corrupt Organizations Act,decision expands avenues foreign award creditors arbitral awards
The recently constituted expert committee tasked with revamping the Arbitration and Conciliation Act, 1996 should strongly consider incorporating a residual power of modification for the courts.
International arbitration provides a binding, neutral, and consensual process for resolving contractual disputes between parties, often resulting in resolutions that are quicker,.