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The Statement of Objects and Reasons to the Arbitration & Conciliation (Amendment) Bill, 2015 placed substantial blame on the judiciary for the delay in disposal of arbitration matters and the increasing court interference in arbitration, both of which, according to the said Statement, had, the...
Persistent link: https://www.econbiz.de/10014123746
Section 31(8) of the Arbitration and Conciliation Act, 1996 as originally enacted dealt with costs in arbitration. The evolution of the law on the subject led to dissatisfaction. After numerous calls for reforms, the Law Commission of India in its 246th Report sought overhaul of the existing law...
Persistent link: https://www.econbiz.de/10012955900
The recently notified Arbitration and Conciliation (Amendment) Act, 2015 has been enacted with the intent to make Indian arbitration user-friendly, efficient and cost-effective. Arbitration in India was notorious for long delays, lack of professionalism, excessive judicial interference, etc. The...
Persistent link: https://www.econbiz.de/10012981706
Mr. Vikas Singh and Ms. Nandadevi Deka had written an article in (2015) 4 SCC (J) 12 which dealt with the enforceability of orders of interim measures of protection passed by the arbitral tribunal under Section 17 of the Arbitration and Conciliation Act, 1996 (“1996 Act”). The substance of...
Persistent link: https://www.econbiz.de/10012988066