(1)It shall be for the tribunal to decide all procedural and evidential matters, subject to the right of the parties to agree any matter.
Under section 34(2) of the Act, an arbitral award rendered in India may be set aside if the applicant furnishes proof that: the party was under some incapacity; the arbitration agreement is not valid under the law chosen by the parties or, absent an agreement, not valid under the law in force at the time;
The arbitrators selected either as prescribed in this title or otherwise, or a majority of them, may summon in writing any person to attend before them or any of them as a witness and in a proper case to bring with him or them any book, record, document, or paper which may be deemed material as evidence in the case.
Section 35 of the Arbitration and Conciliation Act, 1996 provides that subject to Part-I of the Act an arbitral award shall be final and binding on the parties and persons claiming under them respectively.
Under the Federal Arbitration Act, which governs most arbitrations, a party may petition a court to modify or vacate an arbitration award, but the grounds are extremely narrow — basically that the arbitrator was corrupt, evidently partial, engaged in misconduct regarding evidence or scheduling, or exceeded his or her ...
(1) Recourse to a Court against an arbitral award may be made only by an application for setting aside such award in ance with sub-section (2) and sub-section (3). (ii) the arbitral award is in conflict with the public policy of India. (iii) it is in conflict with the most basic notions of morality or justice.
Section 34. Arbitration Previous Next. (1) Notwithstanding anything contained in the Arbitration and Conciliation Act, 1996, any dispute or differences arising between licensees or in respect of matters specified in sub-section (1) of section 30, shall be referred to the Commission for arbitration.
The merits of the dispute are not considered and the award can only be vacated where: (1) the award was procured by fraud or corruption; (2) there was corruption in the arbitrator; (3) the arbitrator committed misconduct resulting in substantial prejudice; (4) the arbitrators exceeded their powers; (5) the arbitrator ...
Procedure for Appeal To initiate an appeal, the party must file an appeal notice in the court within 28 days of the award being made. The appeal notice must include the grounds for appeal and the relief sought. The party must also serve a copy of the appeal notice on the other party.
A court may vacate an award only if it finds that one of the limited grounds in the FAA (9 USC section 10) applies, namely: the award is a result of corruption or fraud; there was evident partiality or corruption by an arbitrator; there was arbitrator misconduct; or.