Arbitration Fee (Model fee based on fourth schedule of The Arbitration and Conciliation Act ,1996 as Amended by (Amendment) , 2019)
|SI.No.||Sum in dispute||Model Fee|
|1||Upto Rs.50,000||Rs. 4,500|
|2||Above Rs.50,000 and upto Rs.3,50,000||Rs. 11,000|
|3||Above Rs.3,50,000 and upto Rs.5,00,000||Rs. 16,000|
|4||Above Rs.5,00,000 and upto Rs.10,00,000||Rs. 21,000|
|5||Above Rs.10,00,000 and upto Rs.20,00,000||Rs. 35,000|
|6||Above Rs.20,00,000 and upto Rs.50,00,000||Rs. 75,000|
|7||Above Rs.50,00,000 and upto Rs.1,00,00,000||Rs. 1,25,000|
|8||Above Rs.1,00,00,000 and upto Rs.5,00,00,000||Rs. 2,50,000|
|9||Above Rs.5,00,00,000 and upto Rs.50,00,00,000||Rs. 11,00,000|
|10||Above Rs.50,00,00,000 and upto Rs.100,00,00,000||Rs. 21,00,000|
1. The fee for each Arbitrator as operated on this site will remain same for single or multiple Arbitrator situation.
2. The fee mentioned by DRP is only indicative, not applicable up to claim amount of Rs 5 lacs if indicated more than 100% by DRP. The final amount payable shall be agreed between parties and DRP mutually.