File Name: section 9 of arbitration and conciliation act 1996 .zip
- Sundaram Finance Ltd. v. Nepc India Ltd. .
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- Interim Relief in Foreign-Seated Arbitrations – Efficacious Remedy and Implied Exclusion
The main objective of the Arbitration Act is to make provision for an arbitral procedure which is fair, efficient and capable of meeting the needs of the specific arbitration and to minimize the supervisory role of the courts in the arbitral process and to permit an arbitral tribunal to use mediation, conciliation or other procedures during the arbitral proceedings in settlement of the disputes. In furtherance of the aforesaid objective, the Arbitration Act underwent two major amendments in the year and , respectively, in order to bring forth pertinent changes in the arbitration landscape of the country with the sole motive of making India an arbitration friendly nation. This compilation seeks to identify the significant developments in arbitration law by the courts of India after the advent of the COVID pandemic i. Section 2 1 f. Which would be the relevant court to entertain a Section 9 application, arising out of a foreign seated arbitration proceeding, where both the parties to the dispute are Indian entities?
Sundaram Finance Ltd. v. Nepc India Ltd. .
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One of the most sought after remedies under the Arbitration and Conciliation Act,  the Act is the grant of interim relief under Section 9 of the Act which allows the parties to apply to the court for interim relief before or during the arbitral proceedings, or after an award is passed but before it is enforced. The Act accordingly allows the parties, before executing the award, to apply to the court for securing the proceeds of the arbitral award to protect the decretal amount, so that the award debtor cannot evade the obligations under the award and make the realisation of the award illusory. The importance of a post award Section The grant of interim reliefs under Section 9 of the Act, especially in a scenario where the award has been delivered, assumes significance primarily because the Act provides for a statutory period of three months for the award debtor to file a challenge to the award. This created a unique hurdle in the enforcement of the award by the successful award-holder since the mere filing of a Section 34 application would automatically stay the execution of the award, pending the adjudication of the setting aside application.
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Arbitration and Conciliation is a mode of alternative dispute resolution method. It is very effective and popular method that helps in easy delivery of justice. The person who resolves the dispute between the parties is known as an arbitrator or conciliator whatever the case may be. This article is an analysis of all the amendments made by the Government of India in the Arbitration and Conciliation Act, till now, and how the Arbitration and Conciliation Act, have evolved since the British era. The origin of arbitration may be traced back to the old age system of village panchayats prevalent in ancient India. Decision of panchas taken as they are embodiment of voice of God, hence accepted and obeyed unquestionably.
The Division Bench considered Section 9(3) of the Act which provides that, “(3) Once the arbitral tribunal has been constituted, the Court shall not entertain an application under sub-section (1), unless the Court finds that circumstances exist which may not render the remedy provided under section 17 efficacious.”.
Interim measures of protection from a court that was sought to be made available under the Model Arbitration Law, 1 which India has adopted, may not be available for an arbitration that has its seat outside India. The Indian Act is divided into four parts. Section 9 of the Act, 4 which is in Part I, provides for interim measures by the court.
- Халохот - профессионал. Это его первый выстрел в публичном месте. Смит был прав.
Лейтенант следил за его взглядом.
Interim Relief in Foreign-Seated Arbitrations – Efficacious Remedy and Implied Exclusion
Сидите тихо, - приказал Фонтейн. Люди на экране вроде бы сидели в каком-то автобусе, а вокруг них повсюду тянулись провода. Включился звук, и послышался фоновой шум. - Установлена аудиосвязь.
Сьюзан надеялась обнаружить внешнее воздействие - команду отключения, вызванную сбоем электропитания или дефектным чипом. Через несколько мгновений компьютер подал звуковой сигнал. Сердце ее заколотилось. Затаив дыхание, она вглядывалась в экран. КОД ОШИБКИ 22 Сьюзан вздохнула с облегчением. Это была хорошая весть: проверка показала код ошибки, и это означало, что Следопыт исправен.
Она почувствовала, как по спине у нее пробежал холодок. Лицо коммандера выражало торжественную серьезность. Видимо, в его действиях было нечто такое, что ей знать не полагалось. Сьюзан опустилась на стул. Повисла пауза. Стратмор поднял глаза вверх, собираясь с мыслями.