Appontment of Arbitrator
1 year ago
Is it true that as per latest amendment to Arbitration and Conciliation Act 1996, an arbitrator can be appointed only by High Court / Supreme Court? And the parties to dispute cannot appoint their own
A.Dear Sir,
It is not so such Arbitrators can be appointed by mutual consent of both the parties to the agreement or either of the party if so specified. If there is any dispute then one of the party may approach the Court and seek appointment of Arbitrator who is neutral person.
It is not so such Arbitrators can be appointed by mutual consent of both the parties to the agreement or either of the party if so specified. If there is any dispute then one of the party may approach the Court and seek appointment of Arbitrator who is neutral person.
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A.Dear client,
There are no such new amendments. Parties are permitted to propose candidates to act as a sole arbitrator or, in the case of a three-member tribunal, each party is permitted to nominate one arbitrator and the two party-appointed arbitrators appoint the chairman. Selecting an arbitrator may be one of the most crucial decisions a party will take. So, you ca choose one of your own.
There are no such new amendments. Parties are permitted to propose candidates to act as a sole arbitrator or, in the case of a three-member tribunal, each party is permitted to nominate one arbitrator and the two party-appointed arbitrators appoint the chairman. Selecting an arbitrator may be one of the most crucial decisions a party will take. So, you ca choose one of your own.
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A.Dear Client
Where did you hear that the appointment can be done only through the High Court or Supreme Court? I don't think its true at all and arbitrator can be appointed by the parties on their own too.
Where did you hear that the appointment can be done only through the High Court or Supreme Court? I don't think its true at all and arbitrator can be appointed by the parties on their own too.
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