DELHI INTERNATIONAL ARBITRATION CENTRE (DIAC) was established by:
Answer & Solution
Correct answer: C.
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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