Arbitration And Conciliation Act

The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015 and the Arbitration and Conciliation Act (Amendment) Bill, 2015 were passed by the Rajya Sabha without debate. They were cleared by the Lok Sabha last week.

Ordinances on arbitration, commercial benches promulgated

For speedy settlement of commercial disputes, the Cabinet had in August cleared a bill to amend the Arbitration Act to fix a timeline for arbitrators to resolve cases.

US Envoy to meet Gowda, discuss commercial courts bill

Richard Verma has sought an appointment with Gowda for this week to discuss the commercial courts bill pending before a Parliamentary committee and "issues related to creating a better investment climate such as timely resolution of disputes", sources in the Law Ministry said.

Govt does U-turn on arbitration ordinance, to table in Parl

Govt plans to table amendments in Parliament to make arbitration the preferred option to settle commercial disputes in a bid to cut down on litigation and ease of doing business in the country.

To attract investment, govt amends law on arbitration

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.

Cabinet approves conciliation on Vodafone tax demand

Sources say the conciliation will be under part III of the Arbitration and Conciliation Act.

Good practice for legal remedies

When running a small or medium scale enterprise there is a positive expectation that business relationships between parties are successful and that opposite parties will live up to the word and spirit of business dealings agreed between the parties.