Question
Under which legislation does the Supreme Court of India
have authority to initiate International Commercial Arbitration?Solution
The Arbitration and Conciliation Act of 1996 serves as India's primary legal framework for both domestic and international arbitration proceedings. This legislation grants the Supreme Court authority to intervene in international commercial arbitration matters, including the appointment of arbitrators and enforcement of arbitral awards. Based on the UNCITRAL Model Law, the Act ensures international compatibility and recognition of Indian arbitration decisions. The Act has been amended in 2015 and 2019 to enhance efficiency and transparency in the arbitration process.
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A body corporate:
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