'Sum in Dispute' shall include 'claim and counter claim amounts' for arbitrator's fee: Delhi HC

Ashutosh Gambhir May 30 2018

The Delhi High Court recently held that the 'Sum in dispute' mentioned in the Fourth Schedule of the Arbitration and Conciliation Act (Act), shall include both claim and counterclaim amounts, to calculate arbitrator's fee.

The finding came in a writ petition filed by the Delhi State Industrial Infrastructure Development Corporation Ltd. seeking an interpretation of the fee schedule for arbitrators provided in the Fourth Schedule of the Act.

The issue arose due to the opinion of the sole arbitrator appointed by the . . .

This content is restricted to subscribers