Key Highlights
- “But when institutional arbitration has not taken shape in India, who would the arbitration council regulate?
- Now it has taken shape and within this year, the proposed council will be set up,” an official said.
- But a former Union law secretary had a contrary view.
- “The provision for institutional mechanism by the arbitration council of India was made by amending the Arbitration Act way back in 2019.
- It has been more than six years now and the proposed council has not yet been constituted.
