ARBITRAL TRIBUNAL – A HANDICAPPED SUBSTITUTE FOR COURTS OF LAW
Published in Chartered Secretary, Vol. XXXVIII, No. 2, Feb. 2008, pp. 176-178 (Monthly publication of ICSI, N. Delhi) Arbitration is one of the alternative dispute resolution mechanism designed to solve the problem of mounting arrears of cases pending in regular courts of law. M.A. Sujan observes: “In popular parlance, arbitration may be defined as a private process set up by the parties as a substitute for court litigation to obtain a decision on their disputes.” [1] Arbitration is an ‘alternative’ or ‘substitute’ for the regular courts of law empowered to dispense justice. Self-contained code in itself The Arbitration and Conciliation Act, 1908 (hereinafter “the Act” for short) of India is a self-contained code in itself providing within it all the procedural and substantial aspects of Arbitration. Section 19 (1) of the Act provides that the arbitral tribunal shall not be bound by the Code of Civil Procedure, 1908 or the Indian Evidence Act, 1872. Section 16 of the Act provides abso...