Arbitration Fees
Rs. 0 - 1 lakh* | Rs. 1 lakh - 10 lakh | Rs. 10 lakh - 20 lakh | Rs. 20 lakh - 30 lakh | Rs. 30 lakh - 50 lakh | Rs. 50 lakh – Rs. 1 crore | |
Arbitrator’s fee (to be collected by ODR Institution and paid to Arbitrator) | ₹4,800/- | ₹8,000/- | ₹12,000/- | ₹16,000/- | ₹60,000/-** | ₹1,20,000/-** |
ODR Institution’s fees, in addition to the arbitrator’s fees (to be collected by ODR Institution) | ₹600/- | ₹1,000/- | ₹1,500/- | ₹2,000/- | ₹7,500/- | ₹15,000/- |
Applicable GST, Stamp Duty, etc. on actual outgoings
* This slab will be applicable for service request related disputes also
** Fee for panel of arbitrators shall be split into a ratio of 40:30:30 with the higher proportion being payable to the arbitrator writing the arbitral award
Further, for claims of Rs. 1 crore and above, an ad valorem fees @ 1% of the claim value or Rs.1,20,000/-, whichever is more, towards Arbitrator’s Fees** (to be collected by the ODR institution and paid to the arbitrator) and fees @ Rs 35,000/- towards ODR Institution’s Fees, in addition to the arbitrator’s fees (to be collected by the ODR institution), together with Applicable GST, Stamp Duty, etc. on actual outgoings, shall be applicable.
Late Fees: Arbitration initiated after one month of failure of conciliation and upto six months, the fees payable would be double of the non-refundable fees specified in the table above. Arbitration initiated after six months by a Member will require payment of, additional fee of 50% of the fees, specified in the table above applicable per additional month of delay and which shall be on non-refundable basis. Such late fees shall be collected by the Exchange and applied in relation to operationalization and effective functioning of the ODR Platform and for the purposes as specified by the Board from time to time. The concerned ODR Institution may collect this fee on behalf of the Exchange as per mutually agreed terms between them.
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