Enforcement Of Arbitration Awards In India

Under Part I of the Arbitration and Conciliation Act, 1996, Section 31 sets out the rules for how arbitral awards should be presented.

An Arbitration Award should be written and signed by the arbitrators who made the decision. If there are several arbitrators, the award is valid if majority of the arbitrators affix their signatures on the said award and if any of the arbitrators doesn't sign then he has to give the reason for the same.

Section 30 of the Arbitration Act, states that Arbitral Tribunal may encourage settling of disputes through methods like mediation or conciliation and come to an agreement. If the parties in arbitration come to an agreement, the Tribunal will end the proceedings and will pass an award in accordance with the agreed terms and such award shall have the same legal standing as any other arbitral award.