• Papiya Golder

Arbitration is a very old concept and it was practiced in ancient India, following the traditions and customs where local disputes were mostly settled by the village headman, whose office was either elective or hereditary. India for the first time was statutorily recognized as a form of dispute resolution with the Indian Act of Arbitration, 1899. After that, it was further codified in Section 89 and Schedule II of the Code of Civil Procedure, 1908. Later on, when both acts were dissatisfying, the Arbitration Act of 1940 was introduced however it also could not serve its purpose properly. On December 4th of 1993, in a conference headed by the, then, Prime Minister of India, Mr. P.V Narsimha Rao, the Government of India considered international model like the United Nations Commission on International Trade Law, Model on Commercial International Arbitration and discussed the fate of arbitration in India. As a result of this conference, the Arbitration, and Conciliation Act, 1996 came into existence. The Arbitration and Conciliation Act came into existence as an act to consolidate and amend the law relating to domestic arbitration, international commercial arbitration, and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected. The Arbitration and Conciliation Act, 1996 is a self-contained Code that has eighty-six sections and seeks to attain the objectives of consolidating and amending existing laws related to domestic arbitration, defining conciliation, enforcing UNCITRAL, creating a uniform system regulation relating to arbitration and conciliation, and the establishment of a unified legal framework for effective and fair settlement of disputes.

"Case Comment: Oyo Hotels and Homes Pvt. Ltd. Vs. Rajan Tewari & Another", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.8, Issue 8, page no.a303-a305, August-2021, Available :http://www.jetir.org/papers/JETIR2108041.pdf

"Case Comment: Oyo Hotels and Homes Pvt. Ltd. Vs. Rajan Tewari & Another", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.8, Issue 8, page no. ppa303-a305, August-2021, Available at : http://www.jetir.org/papers/JETIR2108041.pdf