Time Bound Arbitration: The Merits And Implementation Disabilities Of Section 29A

In spirit, the purpose of alternatives to the court process is speedy, efficient and cost-effective dispute resolution. A consequence of arbitration in India defeating this purpose is the “well intended” Section 29A of the Arbitration and Conciliation Act, 2015.Section 29A imposes a 12 month time frame on completion of an arbitration proceeding, from the date. A consequence of arbitration in India defeating this purpose is the “well intended” Section 29A of the Arbitration and Conciliation Act, 2015. Section 29A imposes a 12 month time frame on completion of an arbitration proceeding, from the date of reference of case to arbitration. The inability of Section 29A to address the absence of a quality arbitration service provider and yet provision for timely “execution” is myopic and from a practice standpoint may not serve the larger purpose of bettering the practice of arbitration in India.