Arbitration

The Indian law of arbitration is contained in the Arbitration and Conciliation Act 1996 (Act).
 
The Act is based on the 1985 UNCITRAL Model Law on International Commercial Arbitration 
and the UNCITRAL Arbitration Rules 1976. The Statement of Objects and Reasons of the Act 
recognises that India’s economic reforms will become effective only if the nation’s dispute 
resolution provisions are in tune with international regime.
 
India has in place a modern, an efficient Arbitration Act. There have been some decisions which 
are not in tune with the letter or spirit of the Act. Hopefully, these would be addressed by the 
judiciary in the near future and continuing popularity of arbitrations would be served by a truly 
efficient ADR mechanism. 
 
(*https://ipba.org/media/fck/files/Arbitration%20in%20India.pdf)

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