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| The Supreme Court of India has affirmed that the Arbitration and Conciliation Act, 1996 was introduced in order to attract the -international mercantile community. In which of the following cases, the Supreme Court has emphasised that the Act should be interpreted and applied, keeping the commercial sense of the dispute in mind? |
Konkan Railways Corp. Ltd. v. Mehul Construction Co. (2000) 7 SCC 201
K.K. Modi v. K.M. Modi
Jiwan Kumar Lohia v. Durga Dutt Lohia
None of the above |
| Konkan Railways Corp. Ltd. v. Mehul Construction Co. (2000) 7 SCC 201 |
| The Arbitration and Conciliation Act, 1996 has ushered a new era of dispute resolution for domestic and commercial legal issues. On these lines, the Supreme Court of India has also affirmed that the Arbitration and Conciliation Act, 1996 was introduced in order to attract the 'international mercantile community'. The Supreme Court has thus emphasised that the Act should be interpreted and applied, keeping the commercial sense of the dispute in mind (Konkan Railways Corp. Ltd. v. Mehul Construction Co. (2000) 7 SCC 201). |
