3. THE ARBITRATION AND CONCILIATION ACT-1996

This Act is enacted to settle disputes in respect of legal relationship whether contractual or not without going through the legal and complicated Civil Court procedures. The award by arbitrator is enforced under the Code of Civil procedures in the same manner as if it were a decree of the Court. This Act has also provisions for enforcement of certain foreign awards.

The dispute is decided under this act in a simple manner basically on the principals of natural justice.

The Act stipulate all the procedures for arbitration including appointment of arbitrators. Arbitrators are appointed by parties concerned to dispute.

This Act is not applicable to disputes, if any other law for the time being in force by virtue of which certain disputes may not be submitted to arbitration.

BACK@HOME