WHAT IS ARBITRAL AWARD An arbitral award is analogous to a judgement in a court of law, it is a determination on the merits by an arbitral tribunal in Arbitration. An arbitration award is the award granted by the tribunal to either of the party. It is usually a monetary award but it can also…
INTRODUCTION Arbitration is a part of Alternative Dispute Resolution (ADR) and is a popular form of ADR used to resolve dispute that is used by individuals and business to resolve disagreements in place of litigation. Arbitration provides flexible, better-quality justice, less time consuming and less expensive resolution of the dispute. [i] WHO IS AN ARBITRATOR?[ii]…
INTRODUCTION Arbitration is a type of Alternative Dispute Resolution (ADR) and it is used when the parties fail to settle their dispute through litigation. Contrary to litigation, in Arbitration, the parties are at freedom to choose their own tribunal (arbitrator(s)). The decision of the Arbitrator(s) is binding on both the parties and enforceable in the…
INTRODUCTION In arbitration, an Arbitral Tribunal is elected for resolving the dispute between the disagreeing parties. In literal meaning, “Arbitral tribunals refer to panels of one or more arbitrators responsible for adjudicating disputes between parties.” Arbitral tribunal is also known as Arbitral Commission, Arbitration Council or Arbitration Committee. It is the duty of the tribunal…
When disagreeing parties are not satisfied with the judgement passed by the Court via litigation, Alternative Dispute Resolution (ADR) comes in play to save the day[i]. ADR is an external dispute resolution method which is used to settle disputes between two parties or more, with the help of a third party. It has a wide…
INTRODUCTION The Arbitration and Conciliation Act 1996 (hereinafter referred to as The Act) specifically provides for the manner in which a Foreign Award is to be dealt with for the purposes of its enforcement. The Act of 1940 had no such provision. The Foreign Awards are to be dealt with separately under the New York…
Arbitration is one of the alternatives for dispute resolution rather than going to court. The neutral adjudicator settles this process and his decision or award is final and binding upon the parties. Arbitration awards have limited rights of review and appeal. These alternative dispute resolutions are friendly in nature. It is time and cost-efficient, flexible,…
Legal maxims are an established principle which is generally in a Latin language. The legal maxims are mostly from the mediaeval era in the European States and Latin language is considered as their legal language. These maxims give a guidance to the court from all over the world in applying the existing laws in a…
Psychology is the scientific study of behaviour, experience and mental processes. Behaviour includes all of our outward or overt actions and reactions, such as talking, facial expressions and movement. Mental processes refer to all the internal, covert actions of our minds, such as thinking, feeling and remembering. To study behaviour and mental processes in both…
The INDIAN EDUCATION SYSTEM, ruining aspirations, dreams, careers and lives since forever. On an average an Indian person spends about 16-18 years in school and another 3-5 years in college, if not more thinking that education will put him on the right path of life and rightly so. What are the expectations? He/she will know…
