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
Arbitrators Don’t Have the Power to Unilaterally Determine Their Own Fee, Rules Supreme Court
