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Arbitration
and
Conciliation Act
1996
Sudhir Sachdeva
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QUESTION-1 WHAT ARE THE AIMS OF ARBITRATION AND CONCILIATION ACT 1996.
ANSWER:
AIMS OF • The Arbitration and Conciliation Act, 1996 aims at
ARBITRATION • streamlining the process of arbitration
AND • and facilitating conciliation in business matters.
CONCILIATION
ACT 1996 • The Act recognizes the autonomy of parties
• in the conduct of arbitral proceedings by the arbitral tribunal
• and abolishes the scope of judicial review of the award
• and minimizes the supervisory role of Courts.