Cetral government forms 10 member committee to review Institutionalization of Arbitration Mechanism in India

Cetral government forms 10 member committee to review Institutionalization of Arbitration Mechanism in India Central government has formed a high level committee under the Ministry of Law and Justice to make arbitration a preferred mode for settlement of commercial disputes and review the present system of arbitration mechanism in India and make it strong.The 10 member committee

includes Justice BN Srikrishna, Justice RV Raveendran , Cetral government forms 10 member committee to review Institutionalization of Arbitration Mechanism in Indiaretired Delhi High Court Judge S Ravindra Bhatt senior lawyer Indu Malhotra and eminent senior lawyer KK Venugopal.

The aim of this arbitration system is to ensure speedy redressal of commercial disputes and to facilitate international and domestic arbitrations raised under various agreements.The committee has been asked to submit its report in 90 days. Some of the points that the committee will cover are analysis of present arbitration mechanism, review working of institutions funded by the GOI for arbitration purposes, assess skill gaps in Alternative Dispute Redressal (ADR) . Arbitration is a system in which an independent body can settle the disputes without involving courts.