இந்தியன் சட்டப்பூர்வமானது சேவை News Today : Breaking News, Live Updates & Top Stories | Vimarsana
Former election commissioner Krishnamurty passes away | India News
indiatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from indiatimes.com Daily Mail and Mail on Sunday newspapers.
Parliament Passes Arbitration & Conciliation (Amendment) Bill, 2021 For Automatic Stay On Awards Induced By Fraud/ Corruption
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
Lok Sabha Passes Arbitration & Conciliation (Amendment) Bill, 2021
livelaw.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from livelaw.in Daily Mail and Mail on Sunday newspapers.
To print this article, all you need is to be registered or login on Mondaq.com.
On November 04, 2020, the President of India promulgated the
Arbitration and Conciliation (Amendment) Ordinance, 2020
(
Ordinance ). The Ordinance was
promulgated to ensure that all parties get an opportunity to seek
unconditional stay of enforcement of arbitral awards where the
underlying arbitration agreement or contract or making of the
arbitral award are induced by fraud or
corruption
1.
Prior to the Ordinance, under Section 36 (3) of the Arbitration
and Conciliation Act, 1996 (
Act ) a
party could file an application seeking a stay of the arbitral
award when challenging the arbitral award under Section 34 of the