Does Arbitration Award Require Confirmation Of Civil Court
There was a MOU between two parties having Arbitration clause therein. Regarding a dispute one of the party approached an arbitrator and an arbitration award was passed for the same. Does that party require a confirmation from civil court for executing the said award and if it is to be confirmed from the civil court then under which provision?
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Award passed by Arbitrator is just like a decree and can be executed in a similar manner as a decree is executed.Award passed under the provisions of Arbitration and conciliation Act does not require any confirmation from civil court.
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