Justice Tejas Karia of the Delhi High Court has called for statutory recognition of emergency arbitration and a dedicated arbitration bench at GIFT City to enhance dispute resolution mechanisms in India. He emphasized the existing procedural bottlenecks under various sections of the Arbitration Act.
Delhi HC Justice Tejas Karia advocates for arbitration reforms
During a recent panel discussion, Justice Tejas Karia of the Delhi High Court highlighted the need for statutory recognition of emergency arbitration and proposed the establishment of a dedicated arbitration bench at GIFT City. He pointed out that despite significant advancements in arbitration since the 2015 amendments, procedural hurdles under Sections 9, 11, 34, and 37 of the Arbitration Act remain a barrier to efficiency.
Justice Karia noted that while the legal framework for arbitration is robust, the actual implementation often encounters several challenges. He stated that the delays stemming from these bottlenecks not only affect the parties involved but also undermine the integrity of the arbitration process itself.
Moreover, Justice Karia's call for a dedicated bench aims to specifically address arbitration-related disputes, thus expediting adjudication. This proposal aligns with international best practices and could contribute to positioning India as a preferred global arbitration hub.
Legal practitioners should take note of these developments as they signal a shift towards refining the arbitration process, potentially minimizing litigation risks and fostering smoother dispute resolutions.
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