Summary Procedure In International Arbitration And Streamlinging In India Context: Analysing The Challeges Posed

I. INTRODUCTION

The International Arbitration system has been endowed with a flexible process that enables the efficient reduction in time and cost of resolution of commercial disputes and the main aim of any justice system is to deliver fair and early justice to both parties. This efficient mechanism of making time and cost an essence makes arbitration a preferable choice over litigation. Moreover, the arbitral process is selected today not because it is particularly fast and cheap, but because it is also the only form of international dispute resolution that offers neutrality and international enforceability in the resolution of significant international disputes.¹ Further, with the increasing burden on the judiciary, entities as well have turned to arbitration for timely dispute resolution. Taking note of these needs, arbitration institutes have established dispute resolution according to their respective rules, which aims for a mechanism for the faster redressal of cases. These