Sum in dispute | Model fee | |
Up to Rs. 5,00,000 | Rs. 45,000 | |
Above Rs. 5,00,000 and up to Rs. 20,00,000 | Rs. 45,000 plus 3.5 per cent of the claim amount over and above Rs. 5,00,000 | |
Above Rs. 20,00,000 and up to Rs. 1,00,00,000 | Rs. 97,500 plus 3 per cent of the claim amount over and above Rs. 20,00,000 | |
Above Rs. 1,00,00,000 and up to Rs. 10,00,00,000 | Rs. 3,37,500 plus 1 per cent of the claim amount over and above Rs. 1,00,00,000 | |
Above Rs. 10,00,00,000 and up to Rs. 20,00,00,000 | Rs. 12,37,500 plus 0.75 per cent of the claim amount over and above Rs. 1,00,00,000 | |
Above Rs. 20,00,00,000 | Rs. 19,87,500 plus 0.5 per cent of the claim amount over and above Rs. 20,00,00,000 with a ceiling of Rs. 30,00,000 |
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Section 1 – Arbitration And Conciliation Act, 1996
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Short title, extent and commencement (1) This Act may be called the Arbitration and Conciliation Act, 1996. (2) It extends to the whole of India…
Section 2 – Arbitration And Conciliation Act, 1996
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Definitions (1) In this Part, unless the context otherwise requires,— (a) “arbitration” means any arbitration whether or not administered by permanent arbitral institution; (b)…
Section 3 – Arbitration And Conciliation Act, 1996
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Receipt of written communications (1) Unless otherwise agreed by the parties,— (a) any written communication is deemed to have been received if it is…