SCHEDULE 14: VIA FEE SCHEDULE ARBITRATION I. DOMESTIC. 1. REGISTRATION CHARGES Filing Fee: Rs. 10,000 for two parties additional party
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1 Vakeel International Arbitration and Mediation Centre A unit of Kalyan Krishna Foundation G185, 10TH Cross, 20th Main, Behind Reliance Foot Print, G Block, Sahakar Nagar, Bengaluru operations@viamediationcentre.org SCHEDULE 14: VIA FEE SCHEDULE ARBITRATION I. DOMESTIC 1. REGISTRATION CHARGES Filing Fee: Rs. 10,000 for two parties additional party Consultation / Orientation Fee (If availed): Rs FEE SI No. For Arbitrators who follow VIA Fee Schedule (Grade B and Grade C) 1 QUANTUM OF CLAIM FEE(Grade C) (per arbitrator) (X) FEE(Grade B) (per arbitrator) (Y) 1. Up to 5,00,000 30, ,00,001 to 25,00,000 30, per lakh or part thereof, exceeding 5,00, ,00,001 to 1,00,00,000 60, per lakh or part thereof, exceeding 4. 1,00,00,001 to 5,00,00, ,00,00,001 to 10,00,00,000 25,00,000 1,50, ,000 per crore 1,00,00,000 2,10, ,000 per crore 5,00, Exceeds 10,00,00,000 2,85, ,000 per crore 10,00,00,000, subject to an aggregate limit of Rs. 10,00,000 1 For Grade A arbitrators, the arbitrators shall have the sole and unfettered discretion to decide upon the fees to be charged.
2 3. ADMINISTRATIVE FEE QUANTUM OF CLAIM ADMINISTRATIVE FEE Up to 25,00,000 15, Plus per one lakh or part thereof 25,00,001 to 1,00,00,000 40, Plus per one lakh or part thereof 1,00,00,001 to 10,00,00,000 96, Plus 200 per one lakh or part thereof 10,00,00,001 to 25,00,00,000 2,76, Plus per one lakh or part thereof More than 25,00,00,000 4,63, Plus per one lakh or part thereof with a ceiling of 10,00, *For disputes where claim cannot be quantified or ascertained, the fee shall be finalised by VIA, on the basis of facts. 4. ADDITIONAL FEES FOR THE ARBITRAL TRIBUNAL: (Per Arbitrator) Interpretation, correction or additional Award: Up to Rs. 25,00,000.00: Rs. 10, From Rs. 25,00, to Rs. 1,00,00,000.00: Rs. 25, More than Rs. 1,00,00,000.00: Rs. 50, Scrutiny Fees: (Per Member) Up to Rs. 25,00,000.00: Rs. 15, From Rs. 25,00, to Rs. 1,00,00,000.00: Rs. 25, More than Rs. 1,00,00,000.00: Rs. 50, TRAVEL, BOARDING & LODGING CHARGES Local Sitting: Travelling allowance of Rs per sitting.
3 Outstation Sitting: Actual by Air, Rail or Car, plus out-of-pocket expenses at actual for boarding, lodging and local transport subject to maximum of Rs 10, per day in Metropolitan cities and Rs. 7, per day in other cities. An arbitrator who makes his own arrangements for boarding, lodging, local transport etc. may be paid out of pocket expenses at the rate of Rs per day, without production of vouchers. 6. CHARGES FOR FACILITIES: i. Venue Charges: 5,000 per day i.e. from 9 a.m. to 6 p.m. ii. Wi-FI Charges: Rs. 500 for two hours iii. Documentation Camera charges: Rs. 500 for two hours iv. Stenographic service charges (optional): Rs. 1,000 FEE PAYMENT SCHEDULE Registration Charges: Filing fee to be paid by the Claimant on filing of Notice of Arbitration. Consultation/Orientation fee (if availed) to be paid by the Party at the time of taking appointment. Application filing fee to be paid by the party making the application. Arbitral Tribunal & Administrative Fee: 25% To be deposited by the Claimant at the time of filing the Claim statement. 25% To be deposited by the respondent at the time of filing the Response or Statement of Defence. 30% To be deposited by the Parties [Claimant and Respondent(s)] equally within 10 days of the completion of pleadings. 20% To be deposited by the Parties [Claimant and Respondent(s)] equally before the hearing date. Balance To be deposited by the Parties [Claimant and Respondent(s)] within 10 days after the matter is reserved for award
4 1. REGISTRATION CHARGES Filing Fee: US 500$ (for arbitration) II. INTERNATIONAL 2. FILING OF APPLICATIONS: Interpretation, correction or additional Award: US$ Scrutiny of Award: US$ FEE (For Arbitrators who follow VIA Fee Schedule 2 ) QUANTUM OF FEE (Grade C) CLAIM (X) Up to 50, ,001 to 100, % of the amount exceeding 50, ,001 to 2,50, % of the amount exceeding 100,000 2,50,001 to 5,00,000 5, % of the amount exceeding 2,50,000 Over 500,000 6, % of the amount exceeding 500,000 Subject to a maximum of USD 30,000 FEE(Grade B) (per arbitrator) (Y) 4. ADDITIONAL FEES FOR THE ARBITRAL TRIBUNAL: (Per Arbitrator) Interpretation, correction or additional Award: Up US$ 50,000: US$ 750 From US$ 50,001 to US$ 1,000,000: US$ 1250 More than US$ 1,000,000: US$ 2500 Scrutiny Fees: (Per Member) Up US$ 50,000: US$ 750 From US$ 50,001 to US$ 1,000,000: US$ 1250 More than US$ 1,000,000: US$ For Grade A arbitrators, the arbitrators shall have the sole and unfettered discretion to decide upon the fees to be charged.
5 5. ADMINISTRATIVE FEE QUANTUM OF CLAIM ADMINISTRATION FEES Up to 50,000 1,000 50,001 to 100, % of the amount exceeding 50, ,001 to 500, % of the amount exceeding 100, ,001 to 1,000, % of the amount exceeding 500,000 Over 1,000, % of the amount exceeding 1,000, TRAVEL, BOARDING & LODGING CHARGES Local Sitting: Travelling allowance of US$ per sitting. Outstation Sitting: Actual's by Air and out-of-pocket expenses at actuals for boarding, lodging and local transport subject to maximum of US$ per day 7. CHARGES FOR FACILITIES: i. Venue Charges: VIA venue: 400$ ii. Wi-FI Charges: 50$ iii. Documentation Camera charges: 50$ for 2 hours iv. Stenographic service charges (optional): 100$ FEE PAYMENT SCHEDULE Registration Charges: Filing fee to be paid by the Claimant on filing of Notice of Arbitration. Application filing fee to be paid by the party making the application. Arbitral Tribunal & Administrative Fee: 25% to be deposited by the Claimant at the time of filing the Claim statement. 25% to be deposited by the respondent at the time of filing the Response or Statement of Defence. 30% To be deposited by the Parties [Claimant and Respondent(s)] equally within 10 days of the completion of pleadings. 20% To be deposited by the Parties [Claimant and Respondent(s)] equally before the hearing date. Balance To be deposited by the Parties [Claimant and Respondent(s)] within 10 days after the matter is reserved for award.
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