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ARTICLE · 24 MARCH 2021

Dispute Resolution & Arbitration Monthly Newsletter | March 2021

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The Arbitration and Conciliation (Amendment) Bill, 2021 (Bill) was introduced in Lok Sabha on February 04, 2021. The Bill sought to amend the Arbitration and Conciliation Act, 1996 (Act) with a view to achieve the following:

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Faranaaz Karbhari
Faranaaz Karbhari
Pragya Ohri
Pragya Ohri
Kshitiz Khera
Kshitiz Khera
Rahul Jain
Rahul Jain
Ishwar Ahuja
Ishwar Ahuja
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Kanika Kumar
Aasiya Khan
Aasiya Khan
Aditi Soni
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DISPUTE RESOLUTION AND ARBITRATION UPDATE

Arbitration and Conciliation (Amendment) Bill, 2021

  • The Arbitration and Conciliation (Amendment) Bill, 2021 (Bill) was introduced in Lok Sabha on February 04, 2021. The Bill sought to amend the Arbitration and Conciliation Act, 1996 (Act) with a view to achieve the following:
    • To grant unconditional stay of enforcement of arbitral awards, where the underlying arbitration agreement, contracts or arbitral award is induced by fraud or corruption
    • To omit the Eighth Schedule of the Act which laid down the qualifications, experience, and norms for accreditation of arbitrators
    • To specify by regulations, the qualifications, experience, and norms for accreditation of arbitrators

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