The Arbitration Bar of India (ABI) and Indian Arbitration Forum have expressed concerns regarding an office memorandum issued by the Ministry of Finance, Department of Expenditure, titled “Guidelines for Arbitration and Mediation in Contracts for Domestic Public Procurement”.
On Tuesday(11th June),The Union Law Ministry, under Law Minister Arjun Ram Meghwal, has finalized the National Litigation Policy to expedite case resolution and improve the legal system. The policy aims to address pending cases, enhance arbitration, and reduce legal costs. Meghwal also highlighted the imminent enforcement of three new criminal laws and emphasized the importance of incorporating new technologies in the legal system.
Chief Justice D.Y. Chandrachud highlights arbitration as the preferred method for resolving commercial disputes, emphasizing its efficiency over courts burdened with millions of cases. He advocates for a balanced approach, where courts intervene when necessary to prevent injustice. The UK Supreme Court event symbolizes respect and solidarity between judiciaries. Chandrachud calls for a culture of commercial arbitration in India.
During his visit to the UK Supreme Court, Chief Justice DY Chandrachud was offered the President’s seat to deliver his lecture on “Commercial Arbitration: Shared Understandings and Developments in UK and India.” He commended the Indian judiciary for its immense caseload and discussed the increasing relevance of alternative dispute resolution methods like arbitration and mediation.
CJI Chandrachud emphasized the need for diverse representation in international arbitration during Delhi Arbitration Week. He highlighted biases in arbitrator selection, citing a case involving rapper Jay-Z. Chandrachud advocated for the inclusion of highly qualified Indian arbitrators and cautioned against AI bias. The event also addressed biases in arbitration and the empowering nature of arbitration for parties.
The Supreme Court has directed the distribution of an expert committee’s report on proposed arbitration sector reforms to concerned parties by March 1, 2024. The Union government is yet to make a final decision on the report. This follows previous Supreme Court rulings and the establishment of a constitution bench to review the matter.
Chief Justice of India (CJI) DY Chandrachud inaugurates Prayagraj arbitration center at Allahabad High Court, emphasizing independence from high court support. He highlights the importance of efficient arbitration, the role of technology in judiciary, and the significant role of lawyers in nation-building. Uttar Pradesh Chief Minister Yogi Adityanath emphasizes the rule of law and dialogue in democracy.
In 2023, the Supreme Court of India achieved a significant milestone by disposing of 52,191 cases, marking the highest disposal rate in six years. This impressive feat includes the adjudication of 45,642 miscellaneous matters and approximately 6,549 regular matters. The data, sourced from the Integrated Case Management System (ICMIS), highlights that the disposal rate not […]