The Indian Arbitration and Conciliation Act was enacted in 1996 to provide a comprehensive legal framework for arbitration in India.

The Indian Arbitration and Conciliation Act aims to promote arbitration, regulate arbitration proceedings, and enforce arbitration awards.

Error of law on the face of the award is not a ground for setting aside an arbitral award under the Indian Arbitration and Conciliation Act.

An application for setting aside an arbitral award must be filed within 30 days from the date of receipt of the award.

The parties to the arbitration agreement are responsible for appointing the arbitrators.

Typically, one arbitrator is appointed in an arbitration proceeding under the Indian Arbitration and Conciliation Act.

The court's role in an arbitration proceeding under the Indian Arbitration and Conciliation Act is primarily to enforce the arbitration award.

An arbitration award under the Indian Arbitration and Conciliation Act is binding on the parties to the arbitration agreement, can be appealed to the court, and can be set aside by the court.

An arbitration award must be enforced within 3 years from the date of the award.

Negotiation is not specifically mentioned as a method of ADR in the Indian Arbitration and Conciliation Act.

The purpose of conciliation under the Indian Arbitration and Conciliation Act is to facilitate the settlement of disputes through negotiation and mediation.

Conciliation proceedings can be initiated by the parties to the dispute.

Conciliation proceedings must be completed within 60 days from the date of commencement.

A settlement agreement reached through conciliation is binding on the parties to the dispute.

Enforceability is not a benefit of arbitration under the Indian Arbitration and Conciliation Act, as arbitration awards are enforceable under the Act.