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Compliance Of Section 21 Of Arbitration & Conciliation Act, 1996 Is Mandatory: Allahabad High Court

The Allahabad High Court has held that the compliance of Section 21 of the Arbitration and Conciliation Act, 1996 (“Arbitration Act”) is mandatory. Thus, arbitral proceedings would only commence once.

Allahabad , Uttar-pradesh , India , Justice-manju-rani-chauhan , Zesshana-khan , Samyam-industries-petitioner-borrower , Bank-respondent , Ms-samyam-industries , V-samyam-industries-ors , Shivalik-small-finance-bank-ltd , High-court , Conciliation-act