Extending Frontiers Of International Commercial Arbitration In India

1. Introduction

With the world community inclined towards India as a destination for foreign investment, there has been a rise of international commercial transactions involving India or Indian parties. This growing trend has spurred the growth of International Commercial Arbitration in India. Arbitration is the most preferred choice for dispute resolution in such transactions.

Recognizing this growing trend, there has been a visible pro-arbitration trend in the interpretation of Indian arbitration law by the Indian Judiciary. The article discusses the pro-arbitration rulings wherein the courts in India have mainly dealt with:

1. The rights of the parties who have chosen a foreign seat of arbitration to apply for interim reliefs in India, subject to the exigencies of the disputes;