Team Blitz India
NEW DELHI: VicePresident Jagdeep Dhankhar has called for evolving a mechanism where the arbitration process does not suffer from judicial interventions.
Inaugurating the 6th ICC India Arbitration Day in New Delhi, Vice- President said that retired judges have kept the country’s arbitral system in a ‘tight-fist grip’, denying a chance to other qualified minds and echoed the remarks of Chief Justice of India DY Chandrachud that that it resembles an ‘old boys’ club’.
“Nowhere on the planet, in no other country, in no other system there is such a tight-fist grip on the arbitral system by retired judges. In our country, this is at large,” he said.
Lack of diversity
Mr. Dhankhar lauded the ‘bold’ remarks of CJI Chandrachud — a person, he said, is changing the landscape of the judiciary in the country — on the arbitral system in India.
Dhankhar said the CJI reflected on the lack of diversity in appointing arbitrators.
Some growth
He added that the ‘bold’ statement of Justice Chandrachud would go a long way in making the arbitral process in India ‘spinally strong’.
He said there has been some growth in arbitration institutions but those institutions need to take central space and necessary changes in law are required to be effected to make them meaningful.
