July 10, 2019
Saugata Roy seeks clarification on The New Delhi International Arbitration Centre Bill, 2019
I have only one question. The minister said that the Arbitration and Conciliation Amendment Bill will come very soon; that he has assured. But, the matter of greatest worry is how long the arbitration proceedings will take? The main thing is to limit the time for arbitration. But, he was saying that it will be fixed in the rules. But it should have been better if you fix it in the law itself. Rule is subordinate legislation, you are passing a law to tighten the Act. Then fix the maximum limit of arbitration, because this endless litigation must stop.