Arbitrators Can't Unilaterally Modify Fees, Emphasizes Need for Parties' Consent: Bombay High Court

In a recent ruling, the Bombay High Court, under the provisions of the Arbitration and Conciliation Act, 1996, addressed a petition filed by the respondents seeking the substitution of the learned arbitrator in an ongoing arbitration proceeding related to a fee dispute. Background: The dispute arose from a disagreement between the parties regarding the fees charged by the arbitrator, as outlined in Schedule IV of the Arbitration Act. The petitioners…