ACKNOWLEDGEMENT

I would like to thank my teacher in Arbitration And

Conciliation, Dr. Rajneesh Singh for the knowledge that they
have imparted to me and for their invaluable guidance and
assistance. I’d also like to express my gratitude to my friends
without whose continued presence in my life, existence
would be a heavy burden to bear.
INDEX
S.NO. TOPIC PAGE NO.
1. Introduction……………………………………………………1
2. Definition of Arbitral Award……………………………3
3. Terms and conditions of arbitral Award………….4
4. Essentials of Arbitral Award……………………….….5
6. Arbitral award may be final or interim……………5
7. Time limit of making of arbitral award…………….6
8. Arbitral award by consent……………………………….6
9. Arbitral award shall be binding and final on
the parties………………………………………………………7
10. whether stamp duty Payable on the arbitral
Award…………………………………………………………….7
11. Foreign Arbitral award…………………………………..7
12. Section 28 to 33 of the act deals with the award
by arbitrators and termination of proceeding…..8
a) Rule applicable to substance of dispute Sec. 28…8
b) Decision by arbitral tribunal Sec.29……………………8
c) Settlement Sec. 30 ……………………………………………9
d) Forms and content of arbitral award Sec 31………9
e) Terimnation of proceedings Sec.32…………………..10
 f) Additional Award Sec. 33………………………………..10
g) Setting aside of arbitration award……………………11
13. Application for setting aside arbitral award…………14
14. Enforcement of award Sec. 36………………………..….15
16. Conclusion…………………………………………….……………16
17. Bibliography…………………………………………….…………17
Cases ;-
1. Kishan Lal V. Ram Swaroop……........1965 ALI 698 AT 705

2. Sashi Shekhereshwar V. Lalit Mohan………AIR 1925PC 34

3. Renu Sagar power corporation ltd. V. General election

co……………………………………………….1994 Supp (1) SCC 644

4. Oil And Natural Gas Company V. SAW pipes…

(2003) 5 SCC 644

5. Venture Global Engineering V. Satyam Computer

Services Ltd…………………..(2008) 4 SCC 190