Section 34 Of Arbitration And Conciliation Act 1996 PdfBy Saturno U. In and pdf 29.03.2021 at 10:57 9 min read
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- Section 34(4) of the Arbitration and Conciliation Act, 1996 – A Fly in the Ointment? (Part II)
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- Section 87 of the Arbitration and Conciliation Act, 1996 struck down. Here’s why
Section 34(4) of the Arbitration and Conciliation Act, 1996 – A Fly in the Ointment? (Part II)
Do I believe in arbitration? But not in arbitration between the lion and the lamb, in which in the morning the lamb is found inside the lion. Besides all the advantages and amenities available to refer the disputes to arbitration, it is one of the cornerstone drawbacks of the arbitration process that the award passed by the arbitrator is final and binding between the parties and the parties are not entitled to appeal against the award. This write up will help to understand the key insights of Section 34 of Act of Before discussing the intricacies of section 34 of Act of , one must understand the Arbitration process and procedure followed in it.
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The goal of the Ordinance is to improve the efficiency and reliability of arbitration as a private dispute-resolution mechanism in India. Among other things, it imposes strict time limits on when arbitrations must be concluded, limits court involvement including with respect to jurisdictional issues , and allows parties to non-Indian seated arbitrations to obtain interim relief from Indian courts. The Ordinance reflects many of the recommendations contained in a report by the Law Commission of India that sought to address perceived inadequacies in the Act. Litigation in the Indian courts suffers from severely backlogged dockets, 2 and it may take up to 15 years to obtain a decision. To address these issues, there have been ongoing discussions of revising the Indian arbitration regime for nearly two decades, with the Law Commission publishing its first set of recommendations to reform the arbitration law in Many of the provisions in the Ordinance are intended to increase the speed and efficiency of arbitrations seated in India.
The entire Law Fraternity is keen to hear from Lawyers, Solicitors, Judges and Legal professionals from respective Bar associations, state and territory to share ideas, give opinions and light on important matters. Radha Chemicals v. Union of India. The Court contained itself to Section 34 of the Act, section 34 lays down the parameters and procedure on the basis of which an award passed by the arbitrator can be set aside. Sub-section 4 of Section 34, gives the arbitral tribunal time to restart the proceedings and remove the grounds, as such, for setting aside the arbitral award and that such an application should be made within three 3 months from the date of a party receiving arbitral awards, unless otherwise in the opinion of the Court. In this case the award was made and published almost ten 10 years ago from the date of the appeal, and the grounds on which the award was questioned was the limitation period, which was basically never raised until the Appeal in
In this post, we analyse some of the questions and ambiguities that may arise in the applicability of Section 34 4 of the Arbitration Act. Section 34 2 of the Arbitration Act provides two sets of grounds on which an award may be set aside. Section 34 2 a sets out grounds of challenge such as incapacity of a party, invalidity of the arbitration agreement, lack of proper notice of appointment of the arbitrator or of the arbitral proceedings or inability of a party to present his case, an award which deals with disputes not submitted to arbitration, improper composition of the arbitral tribunal or arbitral procedure contrary to the agreement between the parties, etc. These grounds must be established by the party challenging the award, on the basis of the record of the arbitral tribunal. Section 34 2 b of the Arbitration Act provides that an award may be set aside if the court finds that the subject-matter of the dispute is not capable of settlement by arbitration or if the award is in conflict with the public policy of India. The grounds under Section 34 2 b of the Arbitration Act are substantive and go to the root of the award. If an award deals with a dispute which cannot be settled by arbitration, then this is logically not a ground that is capable of elimination and the court must set aside the award in such a case, notwithstanding an application under Section 34 4 of the Arbitration Act.
Section 87 of the Arbitration and Conciliation Act, 1996 struck down. Here’s why
Ramasubramanian, JJ has held that Section 87 of the Arbitration and Conciliation Act, must be struck down as manifestly arbitrary under Article Section 87 as introduced by the Arbitration and Conciliation Amendment Act, states that amendments made to the Act by the Arbitration and Conciliation Amendment Act, will not apply to court proceedings arising out of or in relation to such arbitral proceedings irrespective of whether such court proceedings are commenced prior to or after the commencement of the Arbitration and Conciliation Amendment Act, It also states that the aforesaid amendments will apply only to arbitral proceedings commenced on or after the commencement of the Amendment Act and to court proceedings arising out of or in relation to such arbitral proceedings.
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