Justice BV Nagarathna highlighted gaps in India’s arbitration system, noting absence of a dedicated forum for arbitrator misconduct complaints. She observed courts hesitate to remove arbitrators, especially former judges, raising concerns over accountability and effective dispute resolution mechanisms.
CJI B.R. Gavai, speaking at a London summit, proposed four urgent reforms for India’s arbitration: ensuring finality of awards, promoting institutional arbitration, enforcing stricter timelines to prevent delays, and increasing diversity among arbitrators. His vision aims to enhance India’s arbitration landscape, making it more efficient, reliable, and inclusive.