Arbitrators Do Not Have the Power to Unilaterally Issue Binding and Enforceable Orders Determining Their Own Fees: SC

In a landmark judgement, the Supreme Court of India clarified the legal position regarding the determination of arbitrators’ fees in the case of Oil and Natural Gas Corporation Ltd. vs. Afcons Gunanusa JV (Arbitration Petition (Civil) No. 05 of 2022). The bench, comprising Justices D.Y. Chandrachud, Sanjiv Khanna, and Surya Kant, emphasized the principle of

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