Arbitration Agreement In Indian Contract Act

There is no explicit provision in the Indian Contracts Act 1872, but the courts have upheld the partial termination of contracts. Exceptions to these exclusion clauses, such as premeditation, fraud or criminal negligence, are usually contained in the treaty provisions themselves. If a party is able to prove one of the exceptions, the limitation or exclusion clause shall not apply. In a situation where the treaty does not provide for an exception to the limitation of liability, the situation is not clear under Indian law, as there has been no judicial proclamation in this regard. The Arbitration and Conciliation Act is silent on multi-party arbitrations. However, Indian courts have recognized multi-party agreements.