Which of the following Act governs the the process of arbitration in India? |
Arbitration Act 1996. The Arbitration and Conciliation Act of 1996 Arbitration Act 1994. The Arbitration and Conciliation Act of 1994 |
The Arbitration and Conciliation Act of 1996 |
The Arbitration and Conciliation Act of 1996 is the relevant legislation that governs the process of arbitration in India. The statute provides for an elaborate codified recognition of the concept of arbitration, which has largely been influenced by significant movements of judicial reforms and conflict management across the world. |