a0b7112eab 26 of 1996) which was enacted for the purpose of consolidating and amending the law relating to the domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards. Moreover, in its purpose it is also seeking to define the law relation to the conciliation. Thus, the Principal enactment is a full- fledge law on the Arbitration and Conciliation topic in India. Moreover, when any interim measure of protection order is passed by the court under section 9 of the Principal Act, the Amending Act sought to provide that the arbitration proceedings shall be started within the 90 days from the date of such order. Moreover, specifically there are some key amendments made through this Amending Act of 2015, in which the scheme of the principal civil court or high court to the relevant courts in Principal Act is modified and also, this Amending Act is making High Court as relevant court for international arbitration matters too.
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472 weeks ago