On the basis of the law settled by the Courts in India, the statutory arbitration conducted under "The Micro, Small and Medium Enterprises Development Act, 2006" is a full-fledged arbitration and parties have every right, under Arbitration & Conciliation Act,1996.
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The Enforcement of a Foreign Arbitration Award in India has become much easier than earlier.
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The report authored by Mr. S Ravi Shankar was released by the Law Minister of India Mr.Sadhanandha Gowda and the first copy was received by Mr.Bharadhwaj Fomer Minister of law on 05th April 2016.
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Important points parties should keep in mind while deciding on ADR procedure is appropriate for them.
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This judgement provided a much needed clarification regarding the prospective application of the Commercial Courts Ordinance with respect to arbitration matters.
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This article is to expose the real reasons and to make everybody understand that even large size construction arbitrations can be managed in such a way that they get concluded within a reasonable time.
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The Ordinance to amend the Arbitration and Conciliation Act ("Arbitration Act") has created much speculation regarding its enforcement and applicability to pending arbitration matters.
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The procedure and grounds to set aside a domestic arbitral award are provided in Section 34 of the Act which provides a time period of 3 months for filing an application for setting aside an award.
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Indian Sick Industrial Companies Act, 1985 ("SICA") is a unique legislation introduced in India with the purpose of identifying industrial companies in financial distress and introducing timely preventive, ameliorative, and remedial measures to alleviate its condition.
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