Harshita Bajla, King's College London
ABSTRACT
The article aims to examine the flaws of arbitration laws in India, rooted in the failure of the 1996 Arbitration and Conciliation Act and the 2015 Amendment to enact coherent laws. The Act fails to minimize judicial intervention in arbitration process and limit the exorbitant price of arbitrators in ad-hoc arbitrations. The proposed solutions to these are a new piece of legislation and courts having a judiciary oversight in arbitration process which not only regulates the price, quantity and supply of the arbitrators but also allows courts to better understand the gaps in clarity of the law. Thus, enabling better laws, on par with commercial, needs of the party to be legislated.
