Partnership deed

In a partnership deed, which act is referred for Arbitration? As per my reading it was Arbitration Act, 1940 earlier and now its Arbitration & Conciliation Act, 1996.

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Quick Summary
This discussion explores which Arbitration Act is referenced within a partnership deed. The consensus suggests that while the Arbitration Act of 1940 was previously used, the Arbitration & Conciliation Act of 1996 is now the relevant legislation. The key takeaway is that the consent of the parties involved is paramount in determining the applicable act.

which is specifically mentioned on partnership deed  

consent of parties is the essence (and not confusing) 

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