Award by a Presiding Arbitrator (India)
This template is a formal arbitration award issued by a presiding arbitrator or umpire to resolve disputes between parties. It outlines the background of the arbitration, the appointment of the umpire, the evidence considered, and the final binding decision, including monetary compensation and costs.
AWARD BY PRESIDING ARBITRATOR AWARD
In the matter of Arbitration
Between
…………………………………………………………………………………………….
Mr……………………… …………………………………..…………………………………………
MR………………………
………………………….. Respondents).
Whereas
1. The parties hereto entered into an agreement dated_________ (herein after referred to as the said Agreement) whereby it was consented that ________________(give the kind of the agreement) on such terms and conditions as given the said agreement.
2. Thereafter some controversies and differences have emerge between the said parties concurring interpretation of the some of the clauses of the said agreement and the parties referred their controversies to the arbitration of Mr...___________ and Mr..____________ vide arbitration agreement dated ____________.
3. The said two arbitrators before entering the reference selected me to act as umpire in the said arbitration in writing dated ________.
4. The counsel for the parties submitted their respective cases before the said two arbitrators and led documentary and oral evidence in support thereby.
5. The said two arbitrators controverted matters in, after taking into consideration the representation made by the counsel for the conclude parties and all documentary, and oral evidence as adduced by the parties.
6. The said two arbitrators severed a notice to me expressly dated ______ stating that they could not consent amongst themselves unanimously on an award and thence I entered on the reference.
Now I, the umpire, on hearing the parties, on conisation matters and hearings, award and instruct as follows:
1. The respondents shall give to the claimant a sum of Rs. ________ due to the claimant due to __________ with an interest @ ___% till the date of payment and such sum shall be paid to the claimants within a period of ___ months from the date of this award, notice whereof is served to the parties.
2. The counter-claim made by the respondents against the claimant shall not be admissible.
3. We further inspect the respondents will pay to the claimant a sum of Rs.______by way of costs of this reference.
4. _____________________________(any other award given by the presiding arbitrator)
5. ______________________________(any other award given by the presiding arbitrator)
I, authoriseMr….__________ advocate to file this award before the court and to take such further send be necessary for implementing this award.
I have set my hands in the matters aforementioned between the parties this ______day of ________.
Umpire
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