Fees Structure
The Arbitrators and Conciliators on the panel of the Centre are bound by the Rules and they would be paid the fees as prescribed under the schedule to the rules.
Arbitrator's Fee:| Sum in dispute | Fees |
|---|---|
Upto Rs.10,00,000/- (Rupees Ten Lakh only) |
Rs. 50,000/- (Rupees fifty thousand only) |
Above Above Rs.10,00,001/- (Rupees Ten Lakh and One only) upto Rs.40,00,000/- (Rupees Forty Lakh only) |
Rs.1,10,000/- (Rupees one lakh ten thousand only) |
Above Rs.40,00,001/- (Rupees Forty Lakh and One only) upto Rs.1,00,00,000/- (Rupees One Crore only) |
Rs.1,10,000/- (Rupees one lakh ten thousand only) plus 1% of claim amount over and above Rs.40,00,000/- (Rupees forty lakh only) subject to ceiling cap of Rs.1,45,000/- (Rupees one lakh forty five thousand only) |
Above Rs.1,00,00,001/- (Rupees One Crore and One only) upto Rs.10,00,00,000/- (Rupees Ten Crore only) |
Rs. 1,45,000/- (Rupees one lakh forty five thousand only) plus 1% of claim amount over and above Rs.1,00,00,000/- (Rupees one Crore only) subject to ceiling cap of Rs.5,80,000/- (Rupees five lakh eighty thousand only) |
Above Rs.10,00,00,001/- (Rupees Ten Crore and One only) upto Rs.20,00,00,000/-(Rupees Twenty Crore only) |
Rs.5,80,000/- (Rupees five lakh eighty thousand only) plus 1% of claim amount over and above Rs.10,00,00,000/- (Rupees ten crore only) subject to ceiling cap of Rs.8,70,000/- (Rupees eight lakh seventy thousand only) |
Above Rs.20,00,00,001/- (Rupees Twenty Crore and One only) |
Rs.8,70,000/- (Rupees eight lakh seventy thousand only) plus 1% of claim amount over and above Rs.20,00,00,000/-(Rupees twenty crore only) subject to ceiling cap of Rs.12,00,000/- (Rupees twelve lakh only) |
Note:
1) Any Claim or dispute which is not valued in terms of money,
shall attract a minimum fee of Rs.1,00,000/- (Rupees One
Lakh only), any fee in excess of the same shall be as
agreed upon by the parties
2) In the event of claim and counter-claim, the Arbitrator?s
fee shall be calculated on the aggregate of the claim and
counter-claim.
3) The fee fixed above is in respect of a single Arbitrator. The fee at the same rate shall be payable to any additional Arbitrator.
4) In the event of an Arbitrator chosen from the Panel of Arbitrators or nominated, who is not in the panel is from a place other than Bengaluru the party nominating such Arbitrator, shall alone bear all expenses of such Arbitrator, apart from the fee payable as per the schedule, for his participation in the Arbitration proceedings.
5) In the event of claim or counter claim having more than one relief the arbitrator?s fee shall be calculated as follows:
- In any claim or counter claim, in which separate and distinct reliefs based on the same cause of action are sought, the arbitrator?s fee shall be determined on the aggregate value of the reliefs. Provided that, if any relief is sought only as ancillary to the main relief the arbitrator fee shall be determined on the value of the main relief.
- Where reliefs are sought in the alternative in any claim/Counter claim, the arbitrator?s fee shall be determined with the highest of the fees on the reliefs.
6) In the event of termination of Arbitral proceedings;
- Before filing of written response, the Arbitrator?s shall be paid 30% of the fee calculated as above.
- After framing of issues or terms of reference and before cross examination of any witness (including the parties), the Arbitrator?s shall be paid 50% of the fee calculated as above.