A stranger or a third party dont ask for arbitration
(1) arbitration are consensual. It’s according to the parties’ arrangement; (2) arbitration leads to a final and binding resolution of the dispute; and you may (3) arbitration is one of choice to brand new legal litigation and you can performance regarding passage of an enthusiastic joining award.
Generally, arbitration happens amongst the people who’ve, at the beginning, become parties in order to both the arbitration arrangement therefore the substantive bargain underlining you to definitely arrangement
61. Mr. Nariman, discovered older the recommendations appearing on the behalf of the brand new appellant, contended one to when it comes to Point forty five of your own 1996 Act, people towards the contract shall essentially be the people into suit. Read More
