Recognition Of Emergency Arbitrators Under The Indian Legal System
- IJLLR Journal
- 1 day ago
- 1 min read
Nishtha Kumar, Hidayatullah National Law University, Raipur
ABSTRACT
The arbitration mechanism is fundamentally based on speed. Litigation in India takes a lot of years and money to resolve disputes. Arbitration on the other hand is a method of resolution for the parties where they have the most autonomy and the amount of time and money involved is much less than litigation. Emergency arbitration is another facet of the arbitration mechanism that enhances these advantages of the dispute resolution method. It is particularly helpful in complex arbitrations where protection of subject matter is paramount and interim relief is necessary. Therefore, for India to become a global arbitration centre, it needs to incorporate emergency arbitration and arbitrators in the arbitration regulatory framework.