Arbitral
General

Jurisdiction Of Arbitral Tribunal

“According to Black’s Law Dictionary, Arbitration in practice is the investigation and determination of a matter or matters of difference between contending parties, by one or more unofficial persons, chosen by the parties.” Overview In the Arbitration and Conciliation Act, 1996 section 16 describes the competency of an arbitral tribunal to rule on its own jurisdiction. The arbitration tribunal has…

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Arbitration to Award
General

Jurisdiction and Power of Arbitrator-To Award Future Interest and Interest Pendente Lite

Introduction The Oxford dictionary defines interest as money paid regularly at a particular rate for the use of money lent, or for delaying the repayment of a debt. In legal disputes, interest is the most sort for liquidated damage which parties seek. In Power of Arbitrator concerning monetary matters, a disputing party can claim three kinds of remedies; interest, future…

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