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Question

Under which of the following Acts can the Supreme Court initiate International Commercial Arbitration?

The correct answer is

Arbitration and Conciliation Act, 1996

- The Arbitration and Conciliation Act, 1996 governs arbitration in India, including international commercial arbitration.
- It is based on the UNCITRAL Model Law on International Commercial Arbitration.
- The Act facilitates dispute resolution outside the formal court system, promoting efficiency.
- It applies to both domestic and foreign arbitration proceedings.
- The Supreme Court of India has jurisdiction in cases involving international commercial arbitration.

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