Act No. XVI of 1948
Arbitral Tribunal (Dissolution) Act, 1948.
An Act to repeal the Arbitral Tribunal Order, 1947, and dissolve the
Arbitral Tribunal set up there under:
Whereas the Arbitral Tribunal set up in pursuance of the Arbitral Tribunal Order, 1947, has disposed of all reference made to it under the provisions of that Order;
It is hereby enacted as follows
1. Short title and commencement.-
(1) This Act may be called the Arbitral Tribunal (Dissolution) Act, 1948.
(2) It shall have and be deemed to have had effect first day of May, 1948.
2. Repeal of the Arbitral Tribunal Order and dissolution of Arbitral Tribunal.--
The Arbitral Tribunal Order, 1947, is hereby repealed, and the Arbitral Tribunal set up there under is hereby dissolved
Provided that neither the said repeal nor the said dissolution shall effect the validity of any award made by the said Tribunal under the provisions of the said Order, and every such award shall continue to be binding on all parties and persons directly or indirectly concerned in, or affected by the award.
[Note.-An award made before the first day of May, 1948 is a good award, and therefore, enforceable at law. This Act does not effect the validity of such award.]