The process is not too tedious and is generally accepted by the court, thus, helping the parties to resolve disputes in a time bound manner.
Tag: Arbitration proceedings in India
Enforcement of Arbitration Award via Insolvency Proceedings: A Contrary Perspective
The enforcement proceedings for the foreign award (under S. 47-48) are the last and final stage where the debtor can resist the award from becoming binding/ enforceable for grounds listed under Section 48 of the Arbitration Act.
Is judicial intervention in arbitration justified?
The court’s intervention can be justified by saying that it protects the rights of the parties or it puts eyes on the arbitration proceedings to prevent any injustice.
ARBITRATION: AN OVERVIEW
In arbitration, whenever a civil dispute arises between two or more parties it is referred to the sole arbitrator or tribunal or three or more arbitrators, which always will be in odd numbers.
Benefits of Arbitration
Though arbitration has various advantages over traditional litigation but it is important to consider all of the options when preparing to initiate arbitration.