Section 36 of ACA : Section 36: Enforcement

ACA

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Explanation using Example

Imagine a scenario where a company, XYZ Corp., has gone through an arbitration process with another company, ABC Ltd., over a contract dispute. The arbitrator has given an award in favor of ABC Ltd. XYZ Corp. has a specified period to challenge this award under Section 34 of the Arbitration and Conciliation Act, 1996.

If XYZ Corp. does not challenge the award within the given timeframe, ABC Ltd. can approach the court to have the award enforced as if it were a court decree, as per Section 36(1). This means that ABC Ltd. can execute the award and recover the amounts or enforce the terms as decided...

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