The Supreme Court said repeated court challenges to arbitral awards defeat the purpose of the Arbitration and Conciliation Act, 1996. Courts must interfere only on limited grounds, as excessive judicial intervention frustrates speedy dispute resolution.
Justice Hima Kohli and Gary Born addressed the need for a separate statute for international arbitration in India at the London International Disputes Week. They highlighted the existing framework’s effectiveness and emphasized the importance of minimizing court involvement in arbitration to ensure efficient dispute resolution. They also discussed the significance of contextual relevance in legal precedents.
