The News Freedom
New Delhi, December 2
Vice-President of India, Jagdeep Dhankhar, on Saturday stressed that our growing economy and fast pace of development require robust, structured arbitration institutions in the country as a sign of our Aatmanirbharta. While inaugurating the 6th ICC India Arbitration Day, the Vice-President echoed the sentiments of Chief Justice of India, Dr. DY Chandrachud, who had reflected on the lack of diversity in appointing arbitrators, noting that retired judges dominate the field while other qualified candidates (such as lawyers and academicians) are overlooked. CJI had recently remarked that the arbitration space in India resembles an “old boys’ club”.
He observed that nowhere in the world is arbitration in such tight fist control as in our country and that there is a need to unshackle the system from this grip to make it credible and creditable.