Current AffairsIndia

Provide limitation period for filing application under Section 11, Arbitration Act for appointment of arbitrator: Supreme Court to Parliament

"Parliament may consider amending Section 11 of the 1996 Act to provide a period of limitation for filing an application under this provision which is in consonance with the object of expeditious disposal", Court said

The Parliament should effect an amendment to Section 11 of the Arbitration Act, 1996 prescribing a specific period of limitation within which a party may move the court for making an application for the appointment of an arbitrator, the Supreme Court said on Wednesday (Bharat Sanchar Nigam Ltd and and v. M/S Nortel Networks Pvt Ltd).

Source
Via Bar & Bench
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