Justice Rajesh Bindal warns that rising infrastructure disputes demand expert-led, faster arbitration systems. He calls for stronger institutions, better contracts, and tech-ready dispute resolution to prevent project delays.
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.
NEW DELHI: The Union Law Ministry has revealed that the Central government has provided financial support of Rs.7.5 crore over the past three years to the India International Arbitration Centre (IIAC). This funding aims to promote and strengthen institutional arbitration in India. This information was shared by Minister of State for Law and Justice Arjun Ram Meghwal in response to questions raised in the Rajya Sabha by Aam Aadmi Party (AAP) MP Sanjeev Arora.
