Business Today

Towards A Better Arbitration Regime

Recent cases indicate that Indian courts are taking an increasingly pro arbitration stance by refusing to interfere in arbitral awards on merits.

The year 2018 has been quite eventful as far as the arbitration scene is concerned with several landmark judicial pronouncements coming on various issues governed by the Arbitration and Conciliation Act 1996 (to be referred as the Arbitration Act hereafter). The arbitration laws in India have been made more and more flexible with time to attract international parties to choose India as their preferred seat for international arbitration. Let us take a look at some of the recent and significant judgements, which had a positive impact on the arbitration regime in the country. Most of these cases show that more and more Indian courts have refused to intervene with the

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