Setting Aside of Arbitral Awards under the Arbitration and Conciliation Act 1996

The arbitration landscape has been emerging greatly throughout the globe and India is a giant which should be well equipped in terms of laws in place. This paper will analyse one such aspect of the Indian arbitration law to understand how the setting aside of arbitral award takes place and how the efficiency of the same can be ascertained after having done a detailed analysis of the same. Some specific areas of this law will also be analysed to delve deeply into the fact as to how government initiatives so that it can be at par with the other laws around the world and the discrepancies do not crop out having similar issues in place like in the past. After the paper has done through analysis of the position of what and how the law stands and the court orders in this regard, a conclusion will be drawn accordingly to understand as to what should be the next step, which can be recommended in this regard. Not only these solutions need to address the problem at hand but also make sure that these loopholes can be covered, and the position of law is not at state of compromise at any given point in time. Having laid down the skeleton of the paper, the author will now get into the main aspects of analysis and conclusion of the topic.