Criticising the arbitration mechanism in the country as "costly and delay oriented", Law Minister Ashwani Kumar on Friday said that there are moves to amend the law to make it more effective and affordable.
The Supreme Court on Thursday held that arbitral proceedings conducted offshore would not be open to judicial scrutiny of Indian courts which can only deal with enforcement of foreign awards.
Day in Pics: 1st February
Showbiz World - February 1, 2015
Playboy Super Bowl XLIX Party