| Sum in Dispute (Claim + Counter Claim) (In Indian Rupees) |
Arbitrator’s Fees (In Indian Rupees) |
| Upto 50,000 |
10000 |
| 50,001 to 1,00,000 |
10,000 + 14% excess over 50,000 |
| 1,00,001 to 5,00,000 |
24,000 + 5.25% excess over 1,00,000 |
| 5,00,001 to 10,00,000 |
66,000 + 3.8% excess over 5,00,000 |
| 10,00,001 to 20,00,000 |
1,04,000 + 1.9% excess over 10,00,000 |
| 20,00,001 to 50,00,000 |
1,42,000 + 0.9% excess over 20,00,000 |
| 50,00,001 to 1,00,00,000 |
1,96,000 + 0.5% excess over 50,00,000 |
| 1,00,00,001 to 5,00,00,000 |
2,46,000 + 0.2% excess over 1,00,00,000 |
| 5,00,00,001 to 8,00,00,000 |
4,06,000 + 0.13% excess over 5,00,00,000 |
| 8,00,00,001 to 10,00,00,000 |
4,84,000 + 0.09% excess over 8,00,00,000 |
| Over 10,00,00,000 |
5,20,000 + 0.06% excess over 10,00,00,000 |
Note:
- The fee mentioned in the above table is the amount payable to one arbitrator. If there are 3 arbitrators, the fees would have to be multiplied by 3.
- The fee is pegged to the entire sum in dispute [i.e. Claim plus Counterclaim (if any)]. The fees would have to be shared equally by the parties in the first instance. Parties are jointly & severally liable for the Arbitrator’s Fees.
- If the Claim and/or Counterclaim is not quantified, the Registrar of CIAC would fix the Arbitrator’s Fees.
- Please see Rule 34 of the CIAC Arbitration Rules that deals with ‘Deposits to Costs and Expenses’.
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