{"id":56579,"date":"2019-07-04T13:08:21","date_gmt":"2019-07-04T07:38:21","guid":{"rendered":"https:\/\/www.legalindia.com\/news\/?p=56579"},"modified":"2019-07-04T13:08:21","modified_gmt":"2019-07-04T07:38:21","slug":"cabinet-approves-bill-to-create-council-for-grading-arbitral-institutions","status":"publish","type":"post","link":"https:\/\/www.legalindia.com\/news\/cabinet-approves-bill-to-create-council-for-grading-arbitral-institutions","title":{"rendered":"Cabinet approves bill to create council for Grading Arbitral Institutions"},"content":{"rendered":"<p>The bill, which seeks to amend the Arbitration &amp; Conciliation Act, would be introduced in the ongoing session of parliament, sources said.<\/p>\n<p>They said that the bill is a part of the efforts of the government to encourage institutional arbitration for settlement of disputes &amp; make India a centre of robust Alternative Dispute Resolution (ADR) mechanism.<\/p>\n<p><a href=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?ssl=1\"><img data-recalc-dims=\"1\" loading=\"lazy\" decoding=\"async\" width=\"276\" height=\"183\" data-attachment-id=\"56581\" data-permalink=\"https:\/\/www.legalindia.com\/news\/cabinet-approves-bill-to-create-council-for-grading-arbitral-institutions\/download-41\" data-orig-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?fit=276%2C183&amp;ssl=1\" data-orig-size=\"276,183\" 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=\"download (41)\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?fit=276%2C183&amp;ssl=1\" class=\"alignleft size-full wp-image-56581\" src=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?resize=276%2C183&#038;ssl=1\" alt=\"\" srcset=\"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?w=276&amp;ssl=1 276w, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/07\/download-41.jpg?resize=150%2C100&amp;ssl=1 150w\" sizes=\"auto, (max-width: 276px) 100vw, 276px\" \/><\/a>The Amendments in the Act will facilitate achieving the goal of improving institutional arbitration by establishing an independent body to lay down standards, make arbitration process more party friendly, cost-effective &amp; ensure timely disposal of arbitration cases, they said.<\/p>\n<p>The bill seeks to facilitate speedy appointment of arbitrators through designated arbitral institutions by the Supreme Court or the High Court without having any requirement to approach the court in this regard.<\/p>\n<p>It envisages that parties may directly approach arbitral institutions designated by the Supreme Court for International Commercial arbitration &amp; in other cases the concerned High Courts.<\/p>\n<p>It provides for the creation of Arbitration Council of India (ACI) which will grade arbitral institution &amp; accredit arbitrators by laying down norms &amp; take all such steps as may be necessary to promote &amp; encourage arbitration, conciliation, mediation, &amp; other ADR Mechanism.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The bill, which seeks to amend the Arbitration &amp; Conciliation Act, would be introduced in the ongoing session of parliament, sources said. They said that the bill is a part of the efforts of the government to encourage institutional arbitration for settlement of disputes &amp; make India a centre of robust Alternative Dispute Resolution (ADR) [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":56581,"comment_status":"open","ping_status":"closed","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":[20124],"tags":[44895,44894,44896],"class_list":["post-56579","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-court-judiciary-legal-system","tag-cabinet-approves-bill","tag-grading-arbitral-institutions","tag-to-create-council-for-grading"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Cabinet approves bill to create council for Grading Arbitral Institutions - Legal News India - Supreme Court &amp; High Court Updates<\/title>\n<meta name=\"description\" content=\"The bill, which seeks to amend the Arbitration &amp; Conciliation Act, would be introduced in the ongoing session of parliament, sources said. 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Bill has been already passed by Rajya Sabha, aims to establish an independent body called Arbitration Council of India (ACI) for promotion of arbitration, mediation, conciliation and other alternative dispute redressal\u2026","rel":"","context":"In &quot;Court, Judiciary &amp; Legal System&quot;","block_context":{"text":"Court, Judiciary &amp; Legal System","link":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/08\/download-51.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":46473,"url":"https:\/\/www.legalindia.com\/news\/hc-interprets-applicability-amendments-arbitration-act","url_meta":{"origin":56579,"position":1},"title":"HC interprets applicability of amendments to Arbitration Act","author":"Legal India Admin","date":"January 8, 2017","format":false,"excerpt":"The changes made in 2015 to the Arbitration Act, under which there is no automatic stay on an award being challenged, would not apply if they affect enforceability of an award in proceedings which commenced before the amendment came into effect on October 23, 2015, the Delhi High Court has\u2026","rel":"","context":"In &quot;Court, Judiciary &amp; Legal System&quot;","block_context":{"text":"Court, Judiciary &amp; Legal System","link":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/delhi-hc.jpg?fit=759%2C422&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/delhi-hc.jpg?fit=759%2C422&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/delhi-hc.jpg?fit=759%2C422&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2017\/01\/delhi-hc.jpg?fit=759%2C422&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":42521,"url":"https:\/\/www.legalindia.com\/news\/time-limit-arbitration-will-help-speedy-disposal-mudgal","url_meta":{"origin":56579,"position":2},"title":"Time limit in arbitration will help speedy disposal: Mudgal","author":"Legal India Admin","date":"April 17, 2016","format":false,"excerpt":"Introduction of time limit for arbitration proceedings in the new ordinance in this regard will help in quick resolution of disputes, according to former Delhi High Court judge Mukul Mudgal. \"This will help in quick resolution of disputes. If the counsel could prepare the claim in advance and present it\u2026","rel":"","context":"In &quot;Bar, Bench &amp; Firm News&quot;","block_context":{"text":"Bar, Bench &amp; Firm News","link":"https:\/\/www.legalindia.com\/news\/category\/bar-bench-firm-news"},"img":{"alt_text":"mudgal","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/04\/mudgal-300x200.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":45432,"url":"https:\/\/www.legalindia.com\/news\/courts-show-deference-towards-arbitral-awards-cji","url_meta":{"origin":56579,"position":3},"title":"Courts should show deference towards arbitral awards: CJI","author":"Legal India Admin","date":"October 24, 2016","format":false,"excerpt":"Admitting that there was a general perception about courts in India making undue interference in arbitration process, Chief Justice of India (CJI) T S Thakur on Sunday observed that courts should show deference towards arbitral adjudication. The CJI's remarks came during his presidential address at the valedictory session of a\u2026","rel":"","context":"In &quot;Bar, Bench &amp; Firm News&quot;","block_context":{"text":"Bar, Bench &amp; Firm News","link":"https:\/\/www.legalindia.com\/news\/category\/bar-bench-firm-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/t-s-thakur.jpg?fit=790%2C444&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/t-s-thakur.jpg?fit=790%2C444&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/t-s-thakur.jpg?fit=790%2C444&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2016\/10\/t-s-thakur.jpg?fit=790%2C444&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":61108,"url":"https:\/\/www.legalindia.com\/news\/arbitration-attempt-mandatory-after-failure-of-conciliation-under-msmed-act-supreme-court","url_meta":{"origin":56579,"position":4},"title":"Arbitration attempt mandatory after failure of conciliation under MSMED Act: Supreme Court","author":"Legal India Admin","date":"December 17, 2021","format":false,"excerpt":"The Supreme Court recently held that proceedings for conciliation and arbitration under the Micro, Small and Medium Enterprises Development Act, 2006 (MSMED Act) cannot be clubbed (Jharkhand Urja Vikas Nigam Ltd v The State of Rajasthan and Ors). The Bench of Justices\u00a0Indira Banerjee\u00a0and\u00a0R Subhash Reddy\u00a0thus set aside an order passed\u2026","rel":"","context":"In &quot;Top Law News&quot;","block_context":{"text":"Top Law News","link":"https:\/\/www.legalindia.com\/news\/category\/top-law-news"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2021\/12\/Arbitration.jpg?fit=732%2C412&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2021\/12\/Arbitration.jpg?fit=732%2C412&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2021\/12\/Arbitration.jpg?fit=732%2C412&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2021\/12\/Arbitration.jpg?fit=732%2C412&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":56457,"url":"https:\/\/www.legalindia.com\/news\/arbitration-in-the-hands-of-those-who-care-scant-for-ethics-gujarat-high-court","url_meta":{"origin":56579,"position":5},"title":"Arbitration in the hands of those who &#8220;care scant for ethics&#8221;, Gujarat High Court","author":"Legal India Admin","date":"June 24, 2019","format":false,"excerpt":"Aghast at the allegations of bias and delay levelled against retired Supreme Court Judges who were part of an arbitration proceeding, the Gujarat High Court has observed that in the recent times, the litigating parties have developed a \"rank commercial mindset\" to pursue their commercial interests in a self-serving manner.\u2026","rel":"","context":"In &quot;Court, Judiciary &amp; Legal System&quot;","block_context":{"text":"Court, Judiciary &amp; Legal System","link":"https:\/\/www.legalindia.com\/news\/category\/court-judiciary-legal-system"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.legalindia.com\/news\/wp-content\/uploads\/sites\/2\/2019\/06\/download-2019-06-24T104033.359.jpg?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p6H5Bf-eIz","jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/56579","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/comments?post=56579"}],"version-history":[{"count":0,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/posts\/56579\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media\/56581"}],"wp:attachment":[{"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/media?parent=56579"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/categories?post=56579"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.legalindia.com\/news\/wp-json\/wp\/v2\/tags?post=56579"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}