India Code: Section Details. (1) The arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal under sub-section (2). (c) the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
(a) The parties may, by mutual agreement, withdraw the request for arbitration in writing. The document must be signed by the parties and filed with the dispute resolution forum.
Some contracts give you the right to opt out of the forced arbitration clause within a certain period of time, often 30 to 60 days, after signing the agreement by notifying the company that you wish to opt out. Check your contract for the deadline and for specific instructions for opting out.
To vacate an award, the arbitrators must have known of a governing legal principle yet refused to apply it or ignored it, and the law ignored by the arbitrators must be clearly defined.
An arbitrator may be disqualified on the grounds that the arbitrator was ineligible for appointment to the Tribunal under Additional Facility Arbitration Rule 21(2)(a)-(c), or on account of existing circumstances that give rise to justifiable doubts as to the qualities of the arbitrator required by Additional Facility ...
Further, the CAA provides only limited grounds for judicial review of an arbitration award, such as fraud, corruption, misconduct, or that the award exceeded the arbitrators' powers.
India Code: Section Details. (1) The arbitral proceedings shall be terminated by the final arbitral award or by an order of the arbitral tribunal under sub-section (2). (c) the arbitral tribunal finds that the continuation of the proceedings has for any other reason become unnecessary or impossible.
An application for setting aside an arbitral award can be made under Section 34 of A&C Act. Section 34 (1) provides that 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).
To vacate an award, the arbitrators must have known of a governing legal principle yet refused to apply it or ignored it, and the law ignored by the arbitrators must be clearly defined.