Section 24 Arbitration and Mediation Act

Section 24 Arbitration and Mediation Act 2023 is about . Modification, suspension and termination of interim measures and preliminary orders. It is under Part I (Arbitration) of the Act.

The arbitral tribunal may modify, suspend or terminate an interim measure or a preliminary order it has granted on application of a party or, in exceptional circumstances and upon prior notice to the parties, on the initiative of the arbitral tribunal including where –

(a) important facts were concealed from the arbitral tribunal;
(b) the interim measures or preliminary order was fraudulently obtained;
(c) facts have come to the knowledge of the arbitral tribunal, which, if the arbitral tribunal had known at the material time, it would not have granted the order; and
(d) it is just and equitable in the circumstance to modify, suspend or terminate the order.