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Today, Law Minister Ravi Shankar Prasad held a media briefing at New Delhi’s Shastri Bhavan to expound on the findings of a High Level Committee constituted to review the institutionalization of arbitration mechanism in India.
The ten-member committee headed by retired Supreme Court Judge Justice B N Srikrishna included Justice (Retd) R V Raveendran, Justice S Ravindra Bhat of the Delhi High Court, Attorney General KK Venugopal, ASG P S Narasimha, Senior Advocate Indu Malhotra, Research Director of Vidhi Arghya Sengupta, Deputy Secretary General of FICCI Arun Chawla and Senior Director CII Vikas Mohan. Law Secretary Suresh Chandra was the Member Secretary of the committee.
The High Level Committee submitted its report to the Law Minister on August 3, 2017, which made several recommendations for promoting the standing of the country as a preferred seat of arbitration:
Read the Press Release