• Arbitration

    Institutionalising Arbitration in India

    Reading Time: 4 minutes The New Delhi International Arbitration Centre Bill, 2018 (the “NDIAC Bill”) was introduced in the Lok Sabha earlier this year. The object of the bill is to encourage the establishment of the New Delhi International Arbitration Centre (“NDIAC”) to allow for an autonomous and an independent institution that promotes a more efficient arbitration mechanism in India.   Highlights of the NDIAC Bill  The objective of establishing the NDIAC was to further the process of institutionalisation of arbitration in India. This effort aims to ensure that the system is more efficient and not a time consuming process. Earlier, under the guidance of Mr. Justice B. N Srikrishna, a high level committee looked into the obstacles that hampered the institutionalization of arbitration in India and suggested reforms to the working of International Centre for Alternative Dispute Resolution…

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