Section 13
Certain powers of Central Government or Centre.
The India International Arbitration Centre Act, 2019
About this Act
An Act to provide for the establishment and incorporation of the New Delhi International Arbitration Centre for the purpose of creating an independent and autonomous regime for institutionalised arbitration and for acquisition and transfer of the undertakings of the International Centre for Alternative Dispute Resolution and to vest such undertakings in the New Delhi International Arbitration Centre for the better management of arbitration so as to make it a hub for institutional arbitration and to declare the New Delhi International Arbitration Centre to be an institution of national importance and for matters connected therewith or incidental thereto.
The Central Government or the
Custodian or the Centre shall be entitled to receive up to the specified date, to the exclusion of all
other persons, any money due to the Society in relation to its undertakings which have vested in the
Central Government or Custodian or the Centre, as the case may be, and realised after the
commencement of the New Delhi International Arbitration Centre Ordinance, 2019 (Ord. 10 of
2019.), notwithstanding that the realisation pertains to a period prior to the commencement of the
New Delhi International Arbitration Centre Ordinance, 2019 (Ord. 10 of 2019).