As of 2020, India ranked 163rd in the enforcing contracts indicator by the World Bank, for taking nearly four years to finalize a commercial arbitration/litigation.
A MahaRERA order ruled that only arbitration holds in such cases, but experts have questioned the order
This is Darius Khambata's first interview ever. He's agreed to talk because he wants to share his views on a few important issues in the news.
The amendments to the Arbitration and Conciliation Act, 1996, in the form of an Ordinance, are aimed at giving a message that settling commercial disputes in India will no longer be a time-consuming affair, a senior government official said today.
Former Law Commission chairman and chief of Indian Court of Sports Arbitration, Justice AR Lakshmanan has said it was time that the Centre stepped in and brought about amendments to the Arbitration Act.