diffrence

What is your concern / problem if it is not an academic question ??

However, if there is some truth in the story it is advisable to consult a local prudent lawyer for better appreciation of facts / documents, professional guidance and necessary proceeding

The basic difference between the Arbitration Act of 1940 and Arbitration Act of 1996 is that the Arbitration Act of 1940 was based upon the English Arbitration Act of 1934 which prevailed in the British.

The Arbitration Act of 1940 has been replaced by the Arbitration Act of 1996. The Arbitration Act of 1996 is based upon the UNCITRAL. Because of the new enactment with reference to Arbitration Law in India, Civil Procedure Code (CPC) of 1908 has been amended and S. 89 was introduced in it. According to S. 89(1) of CPC there is an option available for the parties to settle the disputes outside the courts. It can be done only with the consent of the parties to the dispute.