Know more about NAT
What is Arbitration?
Arbitration is
alternative dispute resolution method which allow all class people easy access
to justice and allow to reduce misunderstanding among themselves & explore
new areas of resolution
What is NAT & Under
which act does NAT work?
National
Arbitral Tribunal is
established under section 2(1)(A) & 2(1)(D) of Arbitration And Conciliation
Act 1996 as a Permanent Arbitration institute to provide easy access to
justice to all.
Mission of establishing
NAT
To make litigation
free society through speedy redressal to the dispute.
Who give judgement at
NAT?
Arbitrator Panel consist of former High Court Judges and the Award given by the arbitrators has same effect as those passed by any Civil Court
Arbitrator Panel consist of former High Court Judges and the Award given by the arbitrators has same effect as those passed by any Civil Court
Are the award given at
NAT are valid?
Awards given by
arbitration institute have same value as those passed by any other court and
judgement are enforceable under code of civil procedure 1908, (5 of 1908) in
the same manner as if it were passed by any other court.
In order to promote ADR in India ALL INDIA JUDGE ASSOCIATION "All the cases will come before court only when efforts fail to dispose them off by ADR Mechanism.
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