Attorney General R Venkataramani says the Arbitration Act needs a fundamental relook to address fairness, consistency and public accountability concerns.
The Attorney General has called for a comprehensive review of India’s arbitration framework, highlighting concerns over fairness, consistency and accountability in disputes involving the public sector.
India’s arbitration law requires a fundamental relook to address concerns relating to fairness, consistency and public accountability, Attorney General for India R Venkataramani has said.
Speaking on the need to reassess the country’s arbitration framework, the Attorney General emphasised that the existing Arbitration Act should be reviewed to better address challenges faced by the public sector. According to him, the present legal framework raises questions about ensuring fairness in arbitral proceedings, maintaining consistency in outcomes and safeguarding public accountability.
The remarks come amid continuing discussions on improving India’s dispute resolution ecosystem while balancing the interests of government entities and private stakeholders. The Attorney General’s observations suggest that any future reforms should aim to strengthen confidence in arbitration without compromising transparency or accountability in matters involving public institutions.
As debates on arbitration reforms continue, stakeholders will closely watch whether the government initiates a broader review of the legislation to address these concerns.
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