Arbitration (Amendment) Act, 2015 not retrospective for ongoing arbitration unless parties agree otherwise, SC

Arbitration (Amendment) Act, 2015 not retrospective for ongoing arbitration unless parties agree otherwise, SC

The Supreme Court has reiterated that the Arbitration and Conciliation (Amendment) Act, 2015 (Amendment Act) cannot have retrospective operation in arbitral proceedings which commenced before the Amendment Act came into force, unless the parties otherwise agree.

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