It has been clearly held by the Apex court in Engineering Mazdoor Sabha Vs. Hind Cycles Ltd. that the arbitral tribunal doesn’t constitute a court in technical sense. Further as far as giving direction to the parties is concern the power of the Arbitral tribunal is primarily govern by the Arbitration Agreement as entered between the parties. The tribunal may also seek the assistance of the court under Sec. 27 of the Arbitration Act in taking evidence.
no, arbitration tribunals cannot be treated as courts as the fundamental difference here is that the court proceedings are initiated by one party while in arbitration, both the parties mutually decide not to go for legal proceedings, but appoint an unbiased adjudicator who will pass an award, and this award can also be challenged in court.