{"id":39165,"date":"2015-09-27T10:46:43","date_gmt":"2015-09-27T10:46:43","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=39165"},"modified":"2015-09-27T10:46:43","modified_gmt":"2015-09-27T10:46:43","slug":"india-should-aspire-to-be-hub-of-neutral-arbitration-sc-judge-a-k-sikri","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/india-should-aspire-to-be-hub-of-neutral-arbitration-sc-judge-a-k-sikri","title":{"rendered":"India should aspire to be hub of neutral arbitration: SC Judge A K Sikri"},"content":{"rendered":"<p>India should aspire to become a hub of neutral arbitration, a Supreme Court judge today said while claiming that most people in the country have immense faith in this alternative form of dispute resolution.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"310\" height=\"233\" data-attachment-id=\"39171\" data-permalink=\"https:\/\/www.legalindia.com\/news\/india-should-aspire-to-be-hub-of-neutral-arbitration-sc-judge-a-k-sikri\/a-k-sikri\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?fit=310%2C233&amp;ssl=1\" data-orig-size=\"310,233\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"a-k-sikri\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?fit=310%2C233&amp;ssl=1\" class=\"alignleft size-full wp-image-39171\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?resize=310%2C233&#038;ssl=1\" alt=\"a-k-sikri\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?w=310&amp;ssl=1 310w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2015\/09\/a-k-sikri.jpg?resize=300%2C225&amp;ssl=1 300w\" sizes=\"auto, (max-width: 310px) 100vw, 310px\" \/><\/a>Speaking at a conference on international arbitration, SC judge Justice A K Sikri referred to a survey that indicated that 80 per cent of individuals still consider arbitration as the preferred system for dispute resolution.<\/p>\n<p>&#8220;There is need for a neutral forum of arbitration and India should aspire to become a hub of neutral arbitration. India needs to send a message that we do not impede on arbitration&#8230; Rather here is a country that promotes the arbitration culture,&#8221; Justice Sikri said.<\/p>\n<p>He stressed on the need for a time-bound system of arbitration in India and said there should be solutions like introduction of elements of mediation and inquisitorial system in the arbitral process.<\/p>\n<p>Chairman of International Centre for Alternative Dispute Resolution (ICADR), H R Bhardwaj, asserted that it was time for India to join the international high table on arbitration, conciliation and mediation, saying the world is changing and it would not wait for us.<\/p>\n<p>Former Chairman of Law Commission of India, Justice A P Shah said the culture of arbitration is missing in the country and the attitude towards arbitration is &#8220;step-motherly&#8221;.<\/p>\n<p>&#8220;It is treated as part time practice wherein frequent adjournments, long dates and wasted hearings are common and endemic,&#8221; Justice Shah said.<\/p>\n<p>He added that any domestic award is readily set aside by court and over 95 per cent of arbitration in India is ad-hoc, and the existing arbitration institutions are not up to international standards.<\/p>\n<p>The conference, &#8216;Investment and Commercial Arbitration in India: Prospects and Challenges&#8217;, was organised by Centre for Alternative Dispute Resolution at the Jindal Global Law School in collaboration with ICADR.<\/p>\n<p>&nbsp;<\/p>\n","protected":false},"excerpt":{"rendered":"<p>India should aspire to become a hub of neutral arbitration, a Supreme Court judge today said while claiming that most people in the country have immense faith in this alternative form of dispute resolution. Speaking at a conference on international arbitration, SC judge Justice A K Sikri referred to a survey that indicated that 80 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":39171,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[90,20124,1],"tags":[31987,33995,33993,33994],"class_list":["post-39165","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-bar-bench-firm-news","category-court-judiciary-legal-system","category-top-law-news","tag-featured","tag-india-should-aspire-to-be-hub-of-neutral-arbitration","tag-neutral-arbitration","tag-sc-judge-a-k-sikri"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>India should aspire to be hub of neutral arbitration: SC Judge A K Sikri - Legal News India - Supreme Court &amp; 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