How much salary do the Arbitrators get?
Asked by Shiksha User
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1 Answer
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According to legal resources in India, the maximum amount payable to an arbitral tribunal (which can consist of one or more arbitrators) is capped at INR 30 lakhs (approximately $37,200 USD) as per the Fourth Schedule of the Arbitration and Conciliation Act, 1996. However, it's important to remember this is a ceiling, not a standard fee.
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