The new premises of the Jammu & Kashmir International Arbitration Centre (JKIAC) at Srinagar was inaugurated by the Union Minister for Law and Justice Kiren Rijiju
The Supreme Court yesterday dismissed the special leave petition of a firm that wanted to skip the statutory arbitration clause in a contract and approach the court directly instead.
To make India as global hubs of arbitration across the globe with a view to speed up the resolution of the commercial disputes and to be cost-effective with minimum Court intervention.