The Arbitration and Conciliation Act, 1996

The Arbitration and Conciliation Act, 1996 is a landmark legislation that has significantly simplified the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards in India. The Act provides for the appointment of arbitrators, the conduct of arbitral proceedings, the enforcement of arbitral awards and the role of courts in the arbitration process. The Act has been amended several times since its inception to address various issues and to bring it in line with international best practices.