Courts have bolstered country's reputation for arbitration: Justice Kohli
The courts in the country have bolstered India's reputation as a favourable destination for arbitration by upholding the sanctity of arbitral awards, Supreme Court judge Justice Hima Kohli has said.
She was speaking at a seminar -- 'Recent Developments in Arbitration to Promote Business' -- organised by law firms Gibson Dunn Secretariat and UNUM Law, along with the International Arbitration and Mediation Centre (IAMC) and General Counsels' Association of India on Friday.
Justice Kohli said the growth of international trade made dispute resolution more complex and to address the challenges, Alternative Dispute Resolution (ADR), especially arbitration, had emerged as a powerful tool for businesses.
"In recent years, India has made significant strides in establishing itself as a reliable partner in arbitration and mediation services. India's transformation into a commercial arbitration hub has been driven by the judiciary's unstinting commitment to fast-tracking matters under the ...