View: Arbitration in India not only needs to be institutionalised, but also should be assuring and affordable SECTIONS View: Arbitration in India not only needs to be institutionalised, but also should be assuring and affordableET CONTRIBUTORS Last Updated: May 10, 2021, 10:51 AM IST Share Synopsis The Supreme Court took note of this malaise in the 2009 ‘Union of India vs Singh Builders Syndicate’ case by observing that ‘…the cost of arbitration becomes very high in many cases where retired judge/s are arbitrators…’ The ‘fourth schedule’ of ACA was introduced to prescribe model fee structure and capping the maximum fee slab for varying claim amounts.