Promoting global arbitration centre for speedy dispute resolution: Arjun Ram Meghwal

IANS April 4, 2025 124 views

The Indian government has launched a comprehensive framework to modernize dispute resolution through the India International Arbitration Centre. Union Minister Arjun Ram Meghwal announced new regulations designed to provide a neutral platform for resolving commercial conflicts efficiently. The Mediation Act of 2023 represents a significant legislative step towards promoting out-of-court settlements and building a robust arbitration ecosystem. These initiatives aim to enhance India's institutional capabilities in alternative dispute resolution, attracting both domestic and international stakeholders.

"The Mediation Act, 2023 is expected to be a pivotal legislative intervention" - Arjun Ram Meghwal
New Delhi, April 4: To ensure efficiency and speed in arbitration and mediation proceedings, the Government has notified the India International Arbitration Centre (Conduct of Arbitration) Regulations, 2023 to facilitate conduct of domestic and international arbitrations, the Parliament was informed on Friday.

Key Points

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India establishes International Arbitration Centre to enhance dispute resolution

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New regulations aim to inspire domestic and international confidence

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Mediation Act 2023 promotes out-of-court settlements

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Centre focuses on professional training in alternative dispute resolution

In a reply in Lok Sabha, Union Minister of State for Law and Justice, Arjun Ram Meghwal, said that the India International Arbitration Centre has been established and aims to inspire confidence amongst parties, both domestic and international, by providing a neutral dispute resolution platform for the resolution of commercial disputes through arbitration.

The Chamber of Arbitration established under Section 28 of the India International Arbitration Centre Act, 2019 continues to empanel reputed arbitrators even as the Centre envisages to become a model arbitral institution, paving the way for enhancing the quality of institutional framework for arbitration, the Meghwal said in reply to questions by Biplab Kumar Deb and Balabhadra Majhi.

Elaborating on steps being taken by the Government to enhance the enforcement of arbitral awards, both domestic and international, the Mediation Act, 2023, lays down the legislative framework for mediation to be adopted by disputing parties, especially under the aegis of institutional mediation.

"The Mediation Act, 2023 is also expected to be a pivotal legislative intervention towards providing a standalone law on mediation and enabling the growth of a culture of amicable settlement of disputes out of court," he said.

"Facilitating training and capacity building for professionals in the field of ADR, including arbitration and mediation, is presently, continuously being done by the India International Arbitration Centre, by organising conferences, seminars and trainings for stakeholders, including professionals as well as public and private entities," said the MoS.

He said Section 15 of the India International Arbitration Centre Act, 2019 provides for the functions of the Centre and inter alia states that the Centre shall strive to impart training in alternative dispute resolution and related matters to those handling arbitration, conciliation and mediation.

Reader Comments

R
Rahul K.
This is a great step forward for India's legal infrastructure! Speedy dispute resolution will attract more international business. 👏 Hope they implement it effectively across all sectors.
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Priya M.
While I appreciate the initiative, I wonder how accessible this will be for small businesses. Arbitration can be expensive - hope there are provisions to make it affordable for startups too.
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Ankit S.
Finally! Our legal system needs more alternative dispute mechanisms. The backlog in courts is insane. This could be a game-changer if executed well.
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Neha T.
The training component is crucial. We need more professionals skilled in mediation and arbitration. Hope they partner with law schools to integrate this into legal education.
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Sanjay R.
I have some concerns about enforcement. Creating institutions is good, but will foreign parties trust Indian arbitration decisions? We need to build that credibility over time.
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Meera P.
Love that they're focusing on mediation too! Not every dispute needs to be a fight - sometimes talking it out works better. This could reduce so much unnecessary litigation. 💯

We welcome thoughtful discussions from our readers. Please keep comments respectful and on-topic.

Tags:
Arbitration Mediation Arjun Ram Meghwal Legal Reform Dispute Resolution India International Arbitration Centre
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