In India, arbitration has surfaced as a preferred mode of dispute resolution for commercial and contractual disputes due to its efficiency, and relative expediency. The Arbitration and Conciliation Act, 1996 (Arbitration Act) governs the procedure for alternate dispute resolution in India and is regarded as a code in itself. Continuing the trend in 2022, the Indian judiciary took a “when in doubt, do refer (to arbitration)” approach to maximise the objectives of the Arbitration Act and give due regard to party autonomy.
In the present report, we have covered fourteen such key judgments and updates in the arbitration regime in the year 2022.