NEW DELHI, Nov. 29 -- The Arbitration and Conciliation (Amendment) Bill slated for the winter session of Parliament is likely to provide for emergency arbitration and redefine arbitration to include proceedings through electronic, audio-video means, according to two people aware of the development.
Emergency arbitration allows a party to seek immediate interim relief, even before an arbitral tribunal is created. The draft bill, circulated for comments in October 2024, included both these provisions, including one that allows arbitration institutions to provide emergency arbitrators.
The addition of electronic audio-video means in the definition of arbitration was also a part of the draft bill.
This amendment will be the fourth change t...
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