Cabinet defers decision on Arbitration Act amendment

The Union Cabinet on Thursday deferred a decision on the amendment of the Arbitration and Conciliation Act, which seeks to fix a timeline for settling commercial disputes and a cap on arbitration fee, amid opposition from a section of arbitrators.

Amendments to arbitration law to come before Cabinet on Thursday

A string of amendments proposed to the arbitration law to end delays and eliminate high costs in a bid to provide ease in doing business in the country will come up before the Union Cabinet on Wednesday.

Arbitration law to be made more effective: Ministe

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.

Indian courts can`t judge arbitral proceedings held outside: SC

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.