The Arbitration and Conciliation Act, 1996 seeks to promote alternative dispute resolution mechanisms, regulate the conduct of arbitral proceedings, and enforce arbitral awards.

Under the Arbitration and Conciliation Act, 1996, an arbitral award can be set aside on grounds of corruption or fraud, serious irregularity in the conduct of the proceedings, or if the award is in conflict with the public policy of India.

A petition for setting aside an arbitral award must be filed within 30 days from the date of receipt of the award by the party seeking to set it aside.

Ad hoc arbitration is not a type of arbitration under the Arbitration and Conciliation Act, 1996. Ad hoc arbitration is a form of arbitration where the parties appoint their own arbitrators and determine the rules of procedure for the arbitration.

The Competition Commission of India (CCI) is responsible for investigating and adjudicating cases of anti-competitive agreements and practices in the Indian market. The CCI does not have a direct role in regulating the conduct of arbitral proceedings.

The CCI can intervene in an ongoing arbitration proceeding if it is satisfied that the arbitration proceeding is being conducted in a manner that is prejudicial to the interests of competition. The CCI may also intervene if it is of the opinion that the arbitral award is likely to have an adverse effect on competition.

The Competition Act, 2002 is an act of the Parliament of India that seeks to promote competition in the Indian market by prohibiting anti-competitive agreements and practices.

Exclusive dealing agreements are not prohibited under the Competition Act, 2002. However, exclusive dealing agreements may be considered anti-competitive if they are found to have an adverse effect on competition.

The penalty for engaging in anti-competitive agreements or practices under the Competition Act, 2002 is a fine of up to 10% of the turnover of the enterprise and/or imprisonment for up to 3 years.

The CCI can grant leniency to enterprises that cooperate with its investigations. The leniency program is designed to encourage enterprises to come forward and provide information about anti-competitive agreements or practices in exchange for immunity from prosecution.

The National Company Law Appellate Tribunal (NCLAT) hears appeals from the orders of the CCI, reviews the decisions of the CCI, and enforces the orders of the CCI.

The NCLAT can stay the operation of an order of the CCI if it is satisfied that the order is likely to cause irreparable injury to the enterprise affected by the order.

An appeal against an order of the CCI must be filed with the NCLAT within 60 days from the date of receipt of the order by the enterprise affected by the order.

The Supreme Court of India can review the decisions of the NCLAT through a special leave petition.

The Director General (DG) is responsible for investigating cases of anti-competitive agreements and practices under the Competition Act, 2002.