Panel recommends faster disposal of cases among changes to arbitration regime
An expert panel on arbitration has proposed changes to the current regime, including disposal of cases within 60 days, specialised arbitration benches, and setting up an investment court. It recommended updating the law to reflect global practices and incentivising institutional arbitration. The panel stressed the need for reliable arbitral institutions, adoption of technology, and institutional mechanisms in arbitration.
Source: indiatimes.com
