STEP BY STEP ARBITRATION PROCEDURE- STAGES OF ARBITRATION - LAW AND PRACTICE OF ARBITRATION
STAGES OF ARBITRATION - STEP BY STEP PROCEDURE The arbitration proceeding will only begin when the parties to the contract agree to settle all/ certain existing/future dispute through arbitration. Arbitration is a process of resolving all/certain existing/future disputes before independent and impartial individual(s), who serves as an arbitrator(s). The arbitration/ arbitral proceedings begin when the notice to arbitrate or arbitration notice is delivered to the opponent, which is sent by the claimant. Section 21 of the Arbitration and Conciliation Act, 1996 (hereinafter 'Arbitration Act') states the ' Commencement of arbitral proceedings ' as ' Unless otherwise agreed by the parties, the arbitral proceedings in respect of a particular dispute commence on the date on which a request for that dispute to be referred to arbitration is received by the respondent '. [See Y. Parthsarthy v. G.M., Railways Electrification, Allahabad, 1997 (2) Arb LR 347 ;...