S. Arbitration and Concialiation Act 1996 in india

The Arbitration and Conciliation Act 1996 is a law in India that governs the process of arbitration and conciliation of disputes. The Act was passed by the Indian Parliament in 1996, and it is based on the United Nations Commission on International Trade Law (UNCITRAL) Model Law on International Commercial Arbitration.

Thank you for reading this post, don't forget to subscribe!

The Act provides a legal framework for the resolution of commercial disputes through arbitration and conciliation in India. It applies to both domestic and international commercial disputes and provides for the enforcement of foreign arbitral awards. Quashing Petition (S 482 CRPC) in High Courts.
(Opens in a new browser tab)

The Act establishes a two-tier system for the resolution of disputes. The first tier is the arbitration process, which involves the appointment of an arbitrator or a panel of arbitrators to resolve the dispute between the parties. The second tier is the conciliation process, which involves the appointment of a conciliator to assist the parties in reaching a settlement.

The Act also provides for the enforcement of arbitral awards. An award made by an arbitrator or a panel of arbitrators is binding and enforceable in India, subject to certain limited grounds for challenge.

The Act has undergone several amendments over the years to improve its effectiveness and efficiency in resolving disputes. In 2015, the Act was amended to introduce several key changes, including the establishment of the Arbitration Council of India, which is responsible for the promotion and development of arbitration in India. Quashing Petition (S 482 CRPC) in High Courts.
(Opens in a new browser tab)

Overall, the Arbitration and Conciliation Act 1996 plays a crucial role in providing a legal framework for the resolution of commercial disputes in India and promoting the use of arbitration and conciliation as an alternative to traditional litigation. FAMILY LAW EXPERTS SINCE 1975
(Opens in a new browser tab)

 

 

Tapan Choudhury,
Advocate,
Mob- 9873628941
Email ID   [email protected]

 

best bail lawyer in kolkata

FOR FILING Any Kinds of Assistance

Submit Particulars

×

Hello!

Click one of our contacts below to chat on WhatsApp

×