What are the grounds for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996?
CS Executive · Economic and Commercial Laws · PYQS · June 2016
What are the grounds for setting aside an arbitral award under the Arbitration and Conciliation Act, 1996?
Answer & Explanation:
Following are the grounds for setting aside an arbitral award under section 34 of the Arbitration and Conciliation Act, 1996:- Incapacity of a party; Invalidity of the arbitration agreement; Party applying was not given proper notice of the appointment of the arbitrator or of the arbitral proceedings or was otherwise unable to present his case; Award not in accordance with the terms of submission to arbitration in regard to the dispute; Arbitral tribunal not properly constituted or the arbitral procedure was not in accordance with the agreement of the parties; Subject matter of the dispute not capable of settlement by arbitration under the law for the time being in force; Award being in conflict with the public policy of India; Court finds that the award is vitiated by patent illegality appearing on the face of the award.
Topics: Arbitration and Conciliation Act, 1996
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