Correction is a post award remedy provided under Section 33(1)(a). A party, with notice to the other party, can request the arbitral tribunal to correct any computational, clerical or typographical errors in the award within 30 days from the receipt of the arbitral award, unless another time period has been agreed by the parties.
If the tribunal feels that the request is justified, it shall make the correction within 30 days from receipt of request.
Such correction can be made by the tribunal on its own initiative as well, within 30 days from the date of the award.
A party, with notice to the other party, may request the tribunal to make an additional award on claims presented in the proceedings but omitted in the award. Such additional award shall be made within 60 days from receipt of request.
Time periods for correction and additional award can be extended by the tribunal.
IDRC e-Arbitration
Business Friendly
Helps the parties resolve disputes without sacrificing the business relationship
Cost-efficient
By a speedy resolution the parties can focus on profitable business activities rather than spending time and money on litigation
Enforceable
The arbitral award is enforceable as a decree
Fast
A IDRC e-Arbitration is completed within prescribed time.
Paperless
The entire arbitration process is completed without a piece of paper being used.
IDRC e-Mediation
Business Friendly
Helps the parties resolve disputes without sacrificing the business relationship
Cost-efficient
By a speedy resolution the parties can focus on profitable business activities rather than spending time and money on dispute resolution
Fast
A IDRC e-Mediation is usually completed within a prescribed time.
Flexible
The parties are actively in control of the dispute resolution process.
Paperless
The entire mediation process is completed without a piece of paper being used.
