The Supreme Court, led by CJI Chandrachud, today reserved judgment on whether an ineligible person can nominate an arbitrator. Solicitor General Mehta emphasized strengthening arbitration as a dispute resolution mechanism. The Court discussed significant questions of law and the challenges in the arbitrator selection process, with a focus on party autonomy and potential injustice.
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.
