Statutory arbitration and enforcement of arbitral awards
mintu
(Querist) 17 June 2009
This query is : Resolved
Dear ld. members
I am pursuing MBL from NLSIU Banglore writing a project on "IMPLEMENTATION OF ARBITRAL AWARDS".
For the same kindly name the statutes/enactments that provide provisions for arbitration.
Kindly also provide information for enforcement for the such arbitral awards.
As far as I know from the prospective of enforceability, arbitral awards can be classified into:
1.Arbitral awards announced under A & C Act 1996 is enforceable as court decree and
2.Arbitral awards under Chit Funds Act are enforceable as recovery of amount as arrears of land revenue.
If there is any other way to enforce the arbitral awards then let me know the same.
Thanks
mintu
Raj Kumar Makkad
(Expert) 08 February 2010
These are the only ways vide which arbitration award can be executed.