Arbitrator's Domestic Fee Structure

Sum in dispute

Model fee

Upto Rs. 10,00,000/- (Rupees Ten Lakh only

Rs. 50,000/- (Rupees Fifty Thousand only)

Upto Rs. 10,00,001/- (Rupees Ten Lakh and one only) Rs. 40,00,000 (Rupees forty Lakh and One only)

Rs. 1,10,000/- (Rupees One Lakh Ten Thousand only)

Above Rs. 40,00,001/- (Rupees Forty Lakh and one only) Rs. 1,00,00,000/- (Rupees One Crore only)

Rs. 1,10,000/- (Rupees One Lakh Ten Thousand only) plus 1 percent of claim amount over and above Rs. 40,00,000 (Rupees forty Lakh only) subject to ceiling cap of Rs. 1,45,000/-(Rupees One Lakh forty five thousand only)

Above Rs. 1,00,00,001/- (Rupees One Crore and one only)

Upto Rs 10,00,00,000/- (Rupees Ten Crore only).

Rs. 1,45,000/- (Rupees One Lakh Forty Five Thousand only) plus 1 percent of claim amount over and above Rs. 1,00,00,000/- (Rupees one Crore only) subject to ceiling cap of Rs. 5,80,000/-(Rupees Five Lakh Eighty thousand only)

Above Rs. 10,00,00,001/- (Rupees Ten Crore and one only)

Upto Rs 20,00,00,000/- (Rupees Twenty Crore only).

Rs. 5,80,000/- (Rupees Five Lakh Eighty Thousand only) plus 1 percent of claim amount over and above Rs. 10,00,00,000/- (Rupees Ten Crore only) subject to ceiling cap of Rs. 8,70,000/-(Rupees Eight Lakh Seventy thousand only)

Above Rs 20,00,00,001/- (Rupees Twenty Crore and one only).

Rs. 8,70,000/-(Rupees Eight Lakh Seventy thousand only) plus 1 percent of claim amount over and above Rs. 20,00,00,000/- (Rupees Twenty Crore only) subject to ceiling cap of Rs. 12,00,000/-(Rupees Twelve Lakh only)

Note:-

1.  Any claim or dispute which is not valued in terms of money, shall attract a minimum fee of Rs. 1,00,000/- (Rupees One Lakh only), any fee in excess of the same shall be as agreed upon by the parties.

2.  In the event of claim and counter claim, the Arbitrator’s fee shall be calculated on the aggregate of the claim and counter-claim.

3.  The fee fixed above is in respect of a single Arbitrator.  The fee at the same rate shall be payable to any additional Arbitrator.

4.  In the event of an Arbitrator chosen from the Panel of Arbitrators is from a place other than Jabalpur, the party nominating such Arbitrator, shall alone bear all expenses of such Arbitrator, apart from the fee payable as per the schedule for this participation in the arbitration proceedings.

5.  In the event, the Arbitrator is a sole arbitrator, he shall be entitled to an additional amount of twenty five percent on the fee payable as per the table set out above.

6.  In the event of termination of arbitral proceedings;

a)   Before filing of written statement, the Arbitrator’s shall be paid 30 % of the fee calculated as above.

b)  After framing of issues or terms of reference and before cross examination of any witness (including the parties), the Arbitrator’s shall be paid 50 % of the fee calculated as above.

Administrative Expenses

Each party shall deposit administrative expenses at the rate of Rs 5,000/- (Rs Five thousand only) in case of claim amount is not more than Rs 10 Lakhs and Rs 10,000/- (Rs Ten thousand only) if the claim amount is more than Rs 10 Lakhs before the dispute is referred to the Tribunal which may be revised from time to time by the Board Governors.

Note:- Any claim or dispute which is not valued in terms of money shall attract a minimum deposit of Rs 20,000/-( Twenty Thousand only).

In addition to the administrative expenses as above, the parties shall also pay a sum of Rs 2,000/- (Rs Two thousand only) per day irrespective of the duration of the sitting on a given day) for the use of the facilities of the centre on the days the tribunal holds its sittings.  This expense shall be shared by all the parties, equally.

The government of India and the Government of Madhya Pradesh are exempted from payment of administrative expenses and other miscellaneous expenses.  The board of Governors at their discretion may exempt such other entity from payment of the above expenses.