In a significant ruling, the Supreme Court held that arbitrators don’t have the power to unilaterally fix their fees without the parties’ consent. The court also ruled that the fee scale prescribed under the 4th schedule of the Arbitration and Conciliation Act of 1996 is not mandatory. The court made the following observations/rulings:- The fourth
To Read More Please Subscribe to VIP Membership for Unlimited Access to All the Articles, Download Available Copies of Judgments/Order, Acess to Central/State Bare Acts, Advertisement Free Content, Access to More than 4000 Legal Drafts( Readymade Editable Formats of Suits, Petitions, Writs, Legal Notices, Divorce Petitions, 138 Notices, Bail Applications etc.) in Hindi and English.
