New Delhi, May 5 -- In a significant move, the Supreme Court has urged the Ministry of Law and Justice to reconsider the Arbitration and Conciliation (Amendment) Bill, 2024, which is currently under review.

The Court criticised the Bill for not addressing a critical gap that has existed since the enactment of the 1996 Arbitration Act-the lack of statutory clarity on the power of arbitral tribunals to implead non-signatories.

This issue, the Court noted, has been highlighted by numerous judicial decisions but remains unaddressed in the new Bill.

The Bench, consisting of Justices JB Pardiwala and R Mahadevan, expressed dismay over the persistent procedural ambiguities in India's arbitration system, despite nearly thirty years since the 1...