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The Court said that the need for an arbitrator to remain neutral assumes the highest importance, particularly since courts have very limited powers to interfere with arbitral awards.
The Calcutta High Court recently highlighted that arbitral awards passed by an arbitrator appointed unilaterally, that is, only by one of the parties to the arbitral dispute, are void and unenforceable in law.
![VK Rajah, former Attorney-General of Singapore, on how India can become an international arbitration hub [Interview] - Vimarsana News](https://gumlet.assettype.com/barandbench%2F2023-02%2F0a64aad1-b025-4556-9a9a-31227410c862%2F34.jpg?w=1200&auto=format%2Ccompress&ogImage=true&enlarge=true)
Rajah says that while it took Singapore, Hong Kong and London nearly two decades to become hubs, India can perhaps achieve this goal in a decade, provided there is sustained effort.
Conciliation proceedings are voluntary in nature and cannot be viewed as a mandatory precondition before the initiation of arbitration, the Delhi High Court observed.
The year 2022 saw a 20% growth in the total number of cases catered to by the Mumbai Centre of International Arbitration (MCIA), states an annual report released by the forum recently.