DELHI INTERNATIONAL ARBITRATION CENTRE (DIAC) was established by:
ACentral Government (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009)) (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009))
Bprivate body (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009)) (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009))
CDELHI HIGH COURT — 2009 — to promote institutional arbitration in India; provides administrative support, panel of arbitrators, rules; one of the leading domestic arbitration institutions
Dcommercial chamber (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009)) (cf. Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009))
Answer & Solution
Correct answer: C. DELHI HIGH COURT — 2009 — to promote institutional arbitration in India; provides administrative support, panel of arbitrators, rules; one of the leading domestic arbitration institutions
1. The DELHI INTERNATIONAL ARBITRATION CENTRE (DIAC) was established by the DELHI HIGH COURT in 2009 to promote institutional arbitration in India.
2. FEATURES:
3. (i) Administered by DELHI HIGH COURT;
4. (ii) Provides ADMINISTRATIVE SUPPORT, secretariat, hearing rooms;
5. (iii) Maintains PANEL OF ARBITRATORS;
6. (iv) Has its own RULES OF ARBITRATION;
7. (v) Affordable fees structure.
8. Other Indian arbitration institutions include:
9. (i) MUMBAI CENTRE FOR INTERNATIONAL ARBITRATION (MCIA) — 2016;
10. (ii) INDIAN COUNCIL OF ARBITRATION (ICA) — 1965, oldest;
11. (iii) NANI PALKHIVALA ARBITRATION CENTRE (NPAC) — Chennai;
12. (iv) INTERNATIONAL ARBITRATION & MEDIATION CENTRE (IAMC), Hyderabad — 2021.
13. INTERNATIONAL: SIAC, ICC, LCIA, HKIAC, AAA-ICDR.
14. Hence option B is correct.
_Source: Arbitration and Conciliation Act 1996 (Bare Act) + Mediation Act 2023 — Delhi International Arbitration Centre (DIAC) — established by Delhi High Court (2009)_
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