Fourth Schedule (ins. 2015) prescribes a model fee linked to the sum in dispute, from Rs. 45,000 (up to Rs. 5 lakh) to Rs. 19,87,500 + 0.5% of amount above Rs. 20 crore, subject to a ceiling of Rs. 30 lakh. For a Tribunal with three arbitrators, each is entitled to the scheduled fee and the presidin