The Indian Arbitration and Conciliation Act, 1996 the governing arbitration statute in India. It is based on the Model Law on International Commercial Arbitration adopted by the United Nations Commission on International Trade Law (UNCITRAL) in 1985. Previous statutory provisions on arbitration were contained in three different enactments, namely, the Arbitration Act, 1940, the Arbitration (Protocol and Convention) Act, 1937 and the Foreign Awards (Recognition and Enforcement) Act, 1961. The Arbitration and Conciliation Act, 1996 has repealed the Arbitration Act, 1940 and also the Acts of 1937 and 1961.
ADR provides a viable option for those who prefer to stay out of court and has many potential advantages for most litigants, including :
Less emotional stress
Flexibility with rules and procedures
Control over the results
Our firm provides various services under the law of arbitrations as follows :
Application before the High Court for appointment of arbitrator;
Petition before the court seeking Interim relief before or at the stage of arbitration proceedings;
Petition under section 34 of Arbitration Act, 1999 seeking set aside of the award;
Execution petition seeking realisation of the arbitration award before civil court.