The Arbitration and Conciliation Act governs alternative dispute resolution in India. It provides a framework for arbitration and conciliation processes. The Act aims to facilitate efficient resolution of disputes outside the court system. It promotes the use of arbitration for commercial matters. The law reflects India's commitment to international standards in dispute resolution. It enhances the ease of doing business in the country.
Nearly six years after Parliament amended India’s arbitration law to strengthen institutional arbitration, a key reform remains on paper. The Arbitration Council of India (ACI), envisaged as the...
