Comments on Arbitrators can determine their fees despite agreement between parties

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kaushal

kaushal

Wrote on 01 October 2017  

A Conference on "National Initiative For Strengthening the Arbitration And Enforcement In India" was organised in New Delhi in 2016 which aimed at focusing on the apprehension about section 29 of the Arbitration And Conciliation Act 1996 which states that if the Arbitrator completes the pleadings within six month then he will be paid additional fees and the pleadings are not finished within the specified time limit then the fees of 5% per month will be reduced. The experts also expressed their opinion on online arbitration and e-filing for their investors and clients also there should be various Arbitration centers accross the country except from Mumbai as The International Arbitration Center. The Finance Minister Arun Jaitely also expressed his thoughts stating if the fee structure is well regularised then it will augment foreign investment in India. It would have been better if further explanation regarding the role of foreign arbitrators would have been given in the above Article.



A.A.JOSE BARODA

A.A.JOSE BARODA

Wrote on 27 September 2017  

Kindly read as "there appears to be no logic" please.



A.A.JOSE BARODA

A.A.JOSE BARODA

Wrote on 27 September 2017  

When the Law maker consciously preferred to remove the condition "unless otherwise agreed by the parties" in the amended S.31(8), there appears to be logic for the Court to go against the express provisions of the prevailing law inspite of the fact that the amended provision may run counter to the "party autonomy" concept.



Jogander Singh

Jogander Singh

Wrote on 26 September 2017  

what should court fees for 16 lakhs in succession certificate in uttar pradesh.  Or if these 16 lakhs divided in Joginder Banaam 5 other then what should court fee..thanx and sorry for this query here.


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