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After much clamour, the Arbitration and Conciliation Act, 1996 (the "Arbitration Act") finally stands amended. The Arbitration and Conciliation (Amendment) Act, 2015 (the "Amendment Act"), which received the assent of the President of India on December 31, 2015 and deemed to have come into force on October 23, 2015, has proposed sweeping changes to the Arbitration Act.