Praladh Choudhary, Christ University Delhi NCR
ABSTRACT
Arbitration is a lawful debate determination instrument giving authoritative choices which is enforceable on both side. It is an out of court settlement mechanism. It is where the parties take their debate when they have concurred that courts, for one reason or another, don’t suit them. Arbitration is believed as justice blended with charity. With continuous growth of international commerce efficient method for resolution dispute is required. The main question here is the up to which extent the arbitral awards are recognized and enforced in India. This research paper aims to bring out the ways how arbitration awards are recognized in India and up to which extent they are enforceable.
The arbitral awards are governed under Arbitration and Conciliation Act, 1996. The act consists of four parts wherein the first part deals with the provision of Domestic arbitration and award whereas second part deals with the enforcement of foreign award, Part three deals with Conciliation and part four deals with supplementary provisions. Domestic and foreign awards are enforceable same as decree of Indian courts.
