Introduction

The Indian Arbitration and Conciliation Act of 1996 states in its preamble that it was enacted "to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto." The Preamble and "The Statement of Objects and Reasons" of the Act mentioned different reasons for the enactment of the Act: First, the existing law relating to arbitration was contained in the Arbitration Act of ...