Arbitration and Conciliation Act definition
Examples of Arbitration and Conciliation Act in a sentence
Any dispute and/or differences whatsoever arising between the parties out of or relating to the construction, meaning, scope, operation or effect of this contract or the validity or the breach thereof shall be settled by compulsory arbitration in accordance with The Arbitration and Conciliation Act, 1996 (including amendments, if any) and the award made in pursuance thereof shall be binding on the parties.
The Arbitral Tribunal shall consist of a sole Arbitrator to be appointed in accordance with the Arbitration and Conciliation Act, 1996 as amended from time to time.
The arbitration shall be held at Kolkata in accordance with the Arbitration and Conciliation Act, 1996 as amended from time to time.
In the event of failure of a settlement of any such Dispute, the Dispute shall be referred to and finally resolved by arbitration under the Arbitration and Conciliation Act, 1996 (the “Act”) as amended from time to time.
All disputes arising from this Agreement shall be finally settled in accordance with the Arbitration and Conciliation Act, 1996 (“Act”), as amended from time to time and in force as on the date of commencement of the arbitration proceedings.
All or any disputes arising out or touching upon or in relation to the terms and conditions of this Agreement, including the interpretation and validity of the terms thereof and the respective rights and obligations of the Parties, shall be settled amicably by mutual discussion, failing which the same shall be referred to Arbitration under the Arbitration and Conciliation Act, 1996.
In case a party fails to appoint an arbitrator within the time lines provided or the presiding arbitrator is not appointed within the time lines provided for his/ her appointment, the appointment of arbitrators shall be made in accordance with the provisions of the Arbitration and Conciliation Act, 1996 as amended by the Arbitration and Conciliation (Amendment) Act, 2015.
The arbitration proceedings shall be conducted in accordance with the Arbitration and Conciliation Act, 1996 as amended by the Arbitration and Conciliation (Amendment) Act, 2015.
Subject to Clause 17, where reference to courts are allowed under the Arbitration and Conciliation Act, 1996, as amended from time to time, courts of New Delhi shall have exclusive jurisdiction.