Explain the process of Appointment and Termination of an Arbitrator under the Arbitration and Conciliation Act, 1996
Explain the process of Appointment and Termination of an Arbitrator under the Arbitration and Conciliation Act, 1996 Ø Appointment of Arbitrators The procedure for the appointment of arbitrators is covered under Section 11 of the Act. In case that the parties are unable to choose the arbitrators in accordance with the arbitration agreement that has been signed between the parties, then the procedure prescribed is: 1. Each party appoints one person as an arbitrator, 2. Then, the chosen arbitrators will appoint the final singular person, who will act as the presiding arbitrator. In accordance with Section 11 Sub-Section (4) (a) of the Arbitration and Conciliation Act, the parties must attempt to appoint the arbitrators within thirty days of receiving the request to arbitrate from the opposite party. If the parties to the dispute fail to choose within the limit, an appointment must be made to either the High Court, the Supreme...