Indian arbitration and conciliation act 1996 difference between 1940 act and 1996 act
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The Arbitration and Conciliation Act 1996, has been passed to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral award and also to define law relating to conciliation and for matters connected therewith or incidental thereto. The conciliation has been introduced for the first time in India for settlement of commercial disputes.
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