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Results: 4 Answers
International Arbitration
12.
Award
12.1
What procedural and substantive requirements must be met by an award?
 
India
The legal requirements for recognition of an arbitral award are provided under Section 31 of the Arbitration Act, as follows:

  • An arbitral award shall be made in writing and shall be signed by the members of the tribunal. In proceedings with more than one arbitrator, the signatures of the majority of the members of the tribunal shall suffice if the reasons for the omitted signatures are mentioned;
  • Unless the award is on agreed terms or the parties have waived the requirement for the tribunal to give reasons, the award must state the reasons upon which it is based; and
  • The award shall state the date of award and place of arbitration.
For more information about this answer please contact: Manoj Singh from Singh & Associates
12.2
Must the award be produced within a certain timeframe?
 
India
As per Section 29A(1) of the Arbitration Act, the award must be made within 12 months of the date on which the arbitrators receive written notice of their appointment. However, this timeframe may be extended for a further six months by mutual consent of the parties under Section 29A(3). The timeframe may be further extended by the court upon application by the parties, but only for sufficient cause and on such terms and conditions as are imposed by the court.

For more information about this answer please contact: Manoj Singh from Singh & Associates