Sum in Dispute for Arbitral Fee Under 4th Schedule is Total Value of Counter-Claim and the Claim: Delhi HC

Recently, the High Court of Delhi ruled that the term sum in dispute mentioned in the 4th Schedule to Arbitration and Conciliation Act of 1996 has to be interpreted to include the aggregate value of claims and counterclaims. The High Court did not agree with the Arbitrator’s opinion that counterclaims and claims have to be

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