Info on Arbitration and Conciliation Act 1996

Info on Arbitration and Conciliation Act 1996

Info on Arbitration and Conciliation Act 1996

This application contains all information related to Arbitration and Conciliation Act 1996. The Ordinance has introduced changes to the Act and seeks to address some of the issues, such as delays and high costs, which have been affecting arbitrations in India. The Ordinance is an attempt to make arbitration a preferred mode for settlement of commercial disputes and to make India a hub of international commercial arbitration.

Once you go through the content given in this application, you will become very much aware about the Arbitration and Conciliation Act 1996. With the amendments, arbitration in India are sought to be more user-friendly and cost effective. The ordinance introduces a paradigm shift in the mode and method of grant of interim measures in an arbitration proceeding. The intention of the Legislature is to limit the involvement of Courts in an arbitration proceeding thereby making such proceedings swift and effective.

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