Arbitration Reforms News Today : Breaking News, Live Updates & Top Stories | Vimarsana

An expert committee, headed by former law secretary T K Vishwanathan, has submitted a report on arbitration sector reforms to the law ministry. The committee recommends amending the Arbitration law to give courts the power to set aside or vary arbitration awards. However, industry representatives are critical of the proposed changes, particularly the deletion of the fee schedule and the lack of limits on the number of arbitrations an arbitrator can handle, which could lead to delays in award decisions.

A letter has been penned by Advocates Tariq Khan and Aditya Singh Chauhan, submitting some recommendations for reforms to the current arbitration law for the consideration of the committee headed by Dr TK Vishwanathan.

India has an opportunity to enact legislation while TPF is still at the nascent stage, ensuring its effective and regulated integration into the Indian legal system, positioning India as a TPF-friendly jurisdiction.

The article sets up a case against Separate Laws for Domestic and International arbitration in India with reference to judicial pronouncements.