FAST TRACK ARBITRATION IN INDIA: AN ASSESSMENT OF GROUND REALITIES

ILE Intellectual Property and Corporate Law Review

FAST TRACK ARBITRATION IN INDIA: AN ASSESSMENT OF GROUND REALITIES

FAST TRACK ARBITRATION IN INDIA: AN ASSESSMENT OF GROUND REALITIES

Tanisha Das

Student of KIIT School of Law

Best Citation – Tanisha Das, FAST TRACK ARBITRATION IN INDIA: AN ASSESSMENT OF GROUND REALITIES, 1 ILE IPCLR 20, 2022

Abstract

Various forms of justice delivery mechanisms have been made available to the public at large. One of them is the procedure for Fast Track Arbitration which is presumed to provide a speedy justice delivery system because Indian courts are plagued by various cases. However, this system also has certain ills that need to be given heed to. The article begins by presenting a brief background of Fast Track Arbitration in India. Subsequently, the procedure for opting for Fast Track Arbitration in India is examined along with comparative analysis in the next part to understand how an expedited process functions in other jurisdictions. The next part includes the discussion of fundamental principles of arbitration and also includes elucidation of whether Fast Track Arbitration is derogatory to these principles.” The penultimate part examines what are the possible factors that can prohibit reaching a successful award. The last part of this research paper includes a recommendation from the author that can enhance the scope of Fast Track Arbitration in India.