The Arbitration and Conciliation Act, 1996
85. Repeal and
savings.
1.
The
Arbitration (Protocol and Convention) Act, 1937 (6 of 1937), the Arbitration
Act, 1940 (10 of 1940). and the Foreign Awards (Recognition and Enforcement)
Act, 1961 (30 45 of 1961). are hereby repealed.
2.
Notwithstanding
such repeal,-
a. the provisions of the
said enactments shall apply in relation to arbitral proceedings which commenced
before this Act came into force unless otherwise agreed by the parties but this
Act shall apply in relation to arbitral proceedings which commenced on or after
this Act comes into force;
b. all rules made and
notifications published, under the said enactments shall, to the extent to
which they are not repugnant to this Act, be deemed respectively to have been
made or issued under this Act.