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Old Wednesday, July 09, 2014
imran bakht imran bakht is offline
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Arbitration Act.
============

The whole object underlying the arbitration act is to enforce the
Arbitration agreement whereby the parties have bound themselves
down, to have their disputes arising out of transaction to which
such an agreement is applicable, adjudicated upon and decided by
the Domestic tribunal.

The object of the act is two-fold namely:

(1). To consolidate amend the law relating to arbitration and so it
may legitimately be assumed that it is exhaustive of the law of
Arbitration. and

(2). To give expeditious relief to parties unhampered by rules of
procedure laid down in civil procedure code and the Qanoon-e-
shahadat order and consequently is not be so interpreted as to
prolong proceedings before arbitrators.
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