NB Associates – Advocates & Legal Consultants
Author- admin
Date:May 27, 2022
How does arbitration proceeds? Arbitration is an agreement based dispute resolution mechanism. So proceeds for arbitration followings are the pre-requisites: 1. Existence of an arbitration agreement within the scheme of section 7 of Arbitration and Conciliation Act, 1996; and 2. Existence of a dispute. As per the provisions Arbitration and Conciliation Act, 1996, normally arbitration […]
Author- admin
Date:
What power an arbitrator has in an arbitration proceeding ? Arbitration & Conciliation Act, 1996 is an special Act. Arbitrator derives its power from the same. The Act has envisaged almost all the situation, and provided provisions where Arbitrator enjoys the same power like a normal court. Arbitrator’s power includes the followings : To rule […]
Author- admin
Date:
How can parties go to arbitration ? For adjudication of dispute through arbitration, as per section 7 of the Arbitration & Conciliation Act, 1996 an arbitration agreement must exists between the parties. As per section 7 of the Arbitration & Conciliation Act, 1996 1. An arbitration agreement may be in the form of an arbitration […]
Author- admin
Date:
How arbitration is beneficial? We take example of filing a suit and will see how arbitration is beneficial Suit in District Court / High court Arbitration Court fee is payable for filing suit (Ranging from 1 % to 7 % of valuation) Initially, no fee is payable. On Award Rs. 100 per Rs. 1 Lac […]
Author- admin
Date:
Arbitration is a preferred method for resolving disputes outside the court system. Therefore, its binding nature is a common query. What is an Arbitrator’s Award? An arbitrator issues an award as the final decision in arbitration. This decision resolves the conflict between the parties. The award may include monetary compensation or specific obligations. Consequently, it […]
Author- admin
Date:
This article delves into the question, “Who is an arbitrator?” and explores their role, responsibilities, and importance in the arbitration process. Arbitration has become a preferred method for resolving disputes in business and legal settings due to its efficiency and flexibility. Central to the arbitration process is the arbitrator, a neutral party responsible for delivering […]
Author- admin
Date:
What is Arbitration? Meaning, Process, and Benefits Explained In this article, we will explore the what is Arbitration or meaning of arbitration, how the process works, and the numerous benefits it offers to individuals and businesses. Parties widely recognize and prefer arbitration as a method of dispute resolution because it offers an efficient, private, and […]
Author- admin
Date:April 12, 2022
Lorem ipsum dolor sit amet, consectetur adipisicing elit