Arbitration amendments proposed in #Budget2017– Hemant Sahai clarifies

Budget 2017

This year’s budget made a short yet significant reference to amendments that will be introduced in the Arbitration Act, 1996 to ‘streamline institutional arrangements for resolution of disputes in infrastructure related construction contracts, public-private partnerships and public utility contracts'.

This, however, is not the first time that such reforms were suggested in the budget speech.

Last year’s budget speech, also, proposed a 'Public Contracts (Resolution of Disputes) Bill' which, inter alia, made provisions for . . .

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