[This article is being re-republished since the previous
article was inadvertently published on May 5, 2016, without
footnotes and providing appropriate credits to authors where
required. There are few other additions made to the previous
article]
After much clamour, the Arbitration and Conciliation Act, 1996
("Arbitration Act") finally stands
amended. The Arbitration and Conciliation (Amendment) Act, 2015
("Amendment Act"), which received the
assent of the President of India on December 31, 2015 and deemed to
have come into force on October 23, 2015, has proposed sweeping
changes to the Arbitration Act. The route to the Amendment Act has
been a rather arduous. The Arbitration Act was enacted in the year
1996, with the intention of providing speedy and effective
resolution of disputes through arbitration or conciliation and
reduce the burden on courts. However, the arbitration experience in
India has been subject to intense scrutiny over the years, leaving
the
