Section 51 Arbitration and Mediation Act

Section 51 Arbitration and Mediation Act 2023 is about Deposit of costs. It is under Part I (Arbitration) of the Act.

(1) The arbitral tribunal may, on its establishment, request each party to deposit an equal amount as an advance for the costs referred to in section 50 (1) (a), (b) and (c) of this Act.

(2) During the course of the arbitral proceedings, the arbitral tribunal may request supplementary deposits from the parties.

(3) Where the required deposits are not paid in full within 30 days after the receipt of the request, the arbitral tribunal shall inform the parties in order that one or more of them may make the required payment and where the payment is not made, the arbitral tribunal may order the suspension or termination of the arbitral proceedings.