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Supreme Court of India
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Arbitration Law
Bare Acts
The Arbitration and Conciliation Act, 1996
Section 1-50
Section 1
Section 2
Section 3
Section 4
Section 5
Section 6
Section 7
Section 8
Section 9
Section 10
Section 11
Section 12
Section 13
Section 14
Section 15
Section 16
Section 17
Section 18
Section 19
Section 20
Section 21
Section 22
Section 23
Section 24
Section 25
Section 26
Section 27
Section 28
Section 29
Section 30
Section 31
Section 32
Section 33
Section 34
Section 35
Section 36
Section 37
Section 38
Section 39
Section 40
Section 41
Section 42
Section 43
Section 44
Section 45
Section 46
Section 47
Section 48
Section 49
Section 50
Section 38- Deposits

The arbitral tribunal may fix the amount of the deposit or supplementary deposit as the case may be as an advance for the costs referred to in sub-section (8) of section 31 which it expects will be incurred in respect of the claim submitted to it :

Provided that where apart from the claim a counter-claim has been submitted to arbitral tribunal it may fix separate amount of deposit for the claim and counter-claim.
The deposit referred to in sub-section (1) shall be payable in equal shares by the parties :

Provided that where one party fails to pay his share of the deposit the other party may pay that share :

Provided Further that where the other party also does not pay the aforesaid share in respect of the claim or the counter-claim the arbitral tribunal may suspend or terminate the arbitral proceedings in respect of such claim or counter-claim as the case may be.
Upon termination of the arbitral proceedings the arbitral tribunal shall render an accounting to the parties of the deposits received and shall return any unexpended balance to the party or parties as the case may be.
     
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