Arbitration and Conciliation Act,1996 Amended uptodate | Arbitral Tribunal

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Arbitration and Conciliation Act,1996 Amended uptodate
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  SectionsPRELIMINARY 1. Short title, extent and commencement........................................................................... 1 PART - 1 ARBITRATIONC HAPTER  IGENERAL PROVISIONS 2. Definitions ........................................................................................................................... 23. Receipt of written communications................................................................................. 54. Waiver of right to object ................................................................................................... 55. Extent of judicial intervention ......................................................................................... 56. Administrative assistance .................................................................................................. 5 C HAPTER  IIARBITRATION AGREEMENT 7. Arbitration agreement ........................................................................................................ 68. Power to refer parties to arbitration where there is an arbitration agreement ......... 69. Interim measures etc. by Court ......................................................................................... 7 C HAPTER  IIICOMPOSITION OF ARBITRAL TRIBUNAL 10. Number of arbitrators ......................................................................................................... 811. Appointment of arbitrators .............................................................................................. 811A. Power of Central Government to amend Fourth Schedule........................................... 1112. Grounds for challenge ......................................................................................................... 1113. Challenge procedure............................................................................................................ 1214. Failure or impossibility to act ........................................................................................... 1315. Termination of mandate and substitution of arbitrator ................................................ 13 C HAPTER  IVJURISDICTION OF ARBITRAL TRIBUNALS 16. Competence of arbitral tribunal to rule on its jurisdiction ........................................... 1417. Interim measures ordered by arbitral tribunal ................................................................. 15 C HAPTER  VCONDUCT OF ARBITRAL PROCEEDINGS 18. Equal treatment of parties................................................................................................. 1619. Determination of rules of procedure ............................................................................... 1620. Place of arbitration............................................................................................................. 1621. Commencement of arbitral proceedings ......................................................................... 1622. Language............................................................................................................................... 1723. Statements of claim and defence ...................................................................................... 17 CONTENTS Arbitration and Conciliation Act, 1996 LatestLaws.com  LatestLaws.com   24. Hearings and written proceedings ..................................................................................... 1725. Default of a party ............................................................................................................... 1826. Expert appointed by arbitral tribunal .............................................................................. 1827. Court assistance in taking evidence ................................................................................. 19 C HAPTER  VIMAKING OF ARBITRAL AWARD AND TERMINATION OF PROCEEDINGS 28. Rules applicable to substance of dispute .......................................................................... 2029. Decision making by panel of arbitrators ......................................................................... 2029A. Time limit for arbitral award............................................................................................. 2129B. Fast track procedure ........................................................................................................... 2230. Settlement ............................................................................................................................ 2331. Form and contents of arbitral award ................................................................................ 2331A. Regime for costs.................................................................................................................. 2432. Termination of proceedings .............................................................................................. 2533. Correction and interpretation of award; additional award ............................................ 26 C HAPTER  VIIRECOURSE AGAINST ARBITRAL AWARD 34. Application for setting aside arbitral award .................................................................... 27 C HAPTER  VIIIFINALITY AND ENFORCEMENT OF ARBITRAL AWARDS 35. Finality of arbitral awards .................................................................................................. 2936. Enforcement ........................................................................................................................ 29 C HAPTER  IXAPPEALS 37. Appealable orders................................................................................................................ 30 C HAPTER  XMISCELLANEOUS 38. Deposits ................................................................................................................................ 3039. Lien on arbitral award and deposits as to costs .............................................................. 3140. Arbitration agreement not to be discharged by death of party thereto ..................... 3141. Provisions in case of insolvency ...................................................................................... 3242. Jurisdiction ........................................................................................................................... 3243. Limitations........................................................................................................................... 32 PART IIENFORCEMENT OF CERTAIN FOREIGN AWARDSC HAPTER  INEW YORK CONVENTION AWARDS 44. Definition ............................................................................................................................. 3345. Power of judicial authority to refer parties to arbitration ........................................... 3346. When foreign award binding.............................................................................................. 3447. Evidence ............................................................................................................................... 3448. Conditions for enforcement of foreign awards .............................................................. 3449. Enforcement of foreign awards ........................................................................................ 3650. Appealable orders................................................................................................................ 3651. Saving.................................................................................................................................... 36 LatestLaws.com  LatestLaws.com   52. Chapter II not to apply...................................................................................................... 36 C HAPTER  IIGENEVA CONVENTION AWARDS 53. Interpretation ...................................................................................................................... 3654. Power of judicial authority to refer parties to arbitration ........................................... 3755. Foreign awards when binding ............................................................................................. 3756. Evidence ............................................................................................................................... 3757. Conditions for enforcement of foreign awards .............................................................. 3858. Enforcement of foreign awards ........................................................................................ 3959. Appealable orders................................................................................................................ 4060. Saving.................................................................................................................................... 40 PART IIICONCILIATION 61. Application and scope ........................................................................................................ 4062. Commencement of conciliation proceedings ................................................................. 4063. Number of conciliators....................................................................................................... 4164. Appointment of conciliators ............................................................................................ 4165. Submission of statements to conciliator ......................................................................... 4166. Conciliator not bound by certain enactments ................................................................ 4267. Role of conciliator .............................................................................................................. 4268. Administrative assistance .................................................................................................. 4269. Communication between conciliator and parties ........................................................... 4270. Disclosure of information ................................................................................................. 4371. Co-operation of parties with conciliator ........................................................................ 4372. Suggestions by parties for settlement of dispute ............................................................ 4373. Settlement agreement......................................................................................................... 4374. Status and effect of settlement agreement...................................................................... 4375. Confidentiality .................................................................................................................... 4476. Termination of conciliation proceedings ........................................................................ 4477. Resort to arbitral or judicial proceedings ........................................................................ 4478. Costs ...................................................................................................................................... 4479. Deposits ................................................................................................................................ 4580. Role of conciliator in other proceedings......................................................................... 4581. Admissibility of evidence in other proceedings ............................................................. 45 PART IVSUPPLEMENTARY PROVISIONS 82. Power of High Court to make rules ................................................................................. 4683. Removal of difficulties ....................................................................................................... 4684. Power to make rules ........................................................................................................... 4685. Repeal and savings .............................................................................................................. 4686. Repeal of Ordinance 27 of 1996 and Saving .................................................................. 47SCHEDULE I Convention on the recognition and enforcement of foreign ...... 47arbitral awardsSCHEDULE II Protocol on Arbitration Clauses ....................................................... 54SCHEDULE III Convention on the execution of Foreign Arbitral Awards ............ 56SCHEDULE IV ............................................................................................................... 60SCHEDULE V ............................................................................................................... 61SCHEDULE VI ............................................................................................................... 65SCHEDULE VII ............................................................................................................... 66 LatestLaws.com  LatestLaws.com   Resolution adopted by the Chief Ministers and theChief Justices of States in a Conference held inNew Delhi on 4th December, 1993 under theChairmanship of the then Prime Minister of Indiaand presided over by theChief Justice of India“ The Chief Ministers and Chief Justices wereof the opinion that Courts were not in a  position to bear the entire burden of justice system and that a number of disputes lent themselves to resolution by alternative modes such as arbitration, mediation and negotiation.They emphasized the desirability of disputantstaking advantage of alternative disputeresolution which provided procedural   flexibility, saved valuable time and money and avoided the stress of a conventional trial ” . LatestLaws.com
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