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The central government has constituted a High Level Committee to review the institutionalisation of arbitration mechanisms in India. The Committee consists of legal luminaries, including retired judges and Senior Advocates and will be headed by retired Supreme Court judge, Justice BN Sri Krishna.
The other members of the Committee are retired Supreme Court judge Justice RV Raveendran, sitting Delhi High Court judge, Justice S Ravindra Bhat, Senior Advocates KK Venugopal and Indu Malhotra, Additional Solicitor General PS Narasimha and Director of Vidhi Centre for Legal Policy, Arghya Sengupta.
The terms of reference for the High Level Committee are given below:
The Committee will submit its report within ninety days.
The Central government has been pushing for reforms within the arbitration eco-system for sometime now. In October this year, Niti Aayog had organised a conference on ‘Strengthening Arbitration and Enforcement in India’. The country also saw the establishment of an international arbitration centre this year, with the launch of the Mumbai Centre for International Arbitration.
You can read the press release by PIB on the Committee here.