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Author: Jagannath Tiwari
Jagannath Tiwari
Final year Law student at Institute of Law Nirma University.
Introduction Arbitration plays an important role in the legal landscape and the Indian economy. Businesses in India increasingly use arbitration clauses in their contracts. This practice serves as a way to resolve disputes. It offers parties a binding, efficient, private, and cost-effective alternative to traditional court proceedings. This makes it attractive for complex business and corporate deals. The legislation follows the UNCITRAL Model Law on International Commercial Arbitration,[i] which ensures that India meets global standards. The Act aims to reduce judicial review while keeping the independence and finality of arbitration awards. This is clear from the reading of Section 34…
