What is the Recourse Against Arbitral Award?
- Recourse to a Court opposed to an arbitral award may be constructed only by a petition for setting apart such award by subsection.
- Sub-section
- The arbitral award is in dispute with India’s public policy. It conflicts with the most primary notions of morality or justice.
Arbitration and Conciliation Act 1996
The Government of India announced the Arbitration and Conciliation Act of 1996 by instituting the Arbitration and Conciliation Amendment Bill, 2015 in the Parliament of India. In a venture to make arbitration a mode of agreement of commercial disputes and make India a hub of international commercial arbitration, the President of India on 23 October 2015 made an Ordinance Arbitration and Conciliation (Amendment) Ordinance, 2015 revising the Arbitration and Conciliation Act, 1996.
Let’s know more about this act in detailed below.