Any civil dispute which a Civil Court is competent to hear can be resolved by Arbitration. However Arbitration cannot be used in respect of disputes, the resolution of which, have been by law referred exclusively to specialised tribunals or other statutory authorities.
The process of arbitration can be usefully applied in cases/disputes relating to the following such as:
• Civil engineering disputes.
• Transactions of public sector undertakings
• Shipping transactions
• Intellectual Property matters
• Disputes with or amongst members of Chambers of Commerce/ Trade Associations
• Property disputes
• Partnership disputes
• Banking transactions
• Insurance transactions
• Foreign collaborations and joint venture transactions, etc.
The NPAC has its own rules that govern the process of arbitration.
The NPAC Secretariat provides all the administrative services for the proper conduct of the arbitral proceedings.
One of the objectives of the NPAC is to promote institutional arbitration. In this regard, NPAC institutional rules are made available to the parties and arbitrators and organisations. NPAC institutional rules and clauses can be incorporated in all existing and pre-existing contracts between the parties with prior intimation to NPAC.
NPAC’s panel of arbitrators has outstanding persons of eminence representing the bar, commerce, education, trade, and industry. It includes retired judges of various High Courts, former civil servants (IAS and IPS), chartered engineers, chartered accountants, senior counsels of the Supreme Court and Madras High Court