Court Rules Arbitration and Conciliation Act, 1996, Inapplicable to Investment Treaty Arbitration; Inherent Powers Unrestricted.

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Full Text of the Document

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....As a species of arbitrations, it is of recent origin and its jurisprudence cannot be said to be settled or written in stone; far from it. Investment Treaty jurisprudence is still a work in progress - As the present case is not a commercial arbitration, the Act, 1996 shall not apply. This Court is of the view that in a situation where the Act, 1996 does not apply, its inherent powers are not circumscribed by anything contained in the Act. - HC....