STRENGTHENING INDIA’S ARBITRATION FRAMEWORK: KEY TAKEAWAYS FROM THE DRAFT AMENDMENT BILL, 2024 AND THE SIAC RULES, 2025
AUTHOR – MS. SHREEJI PATEL, STUDENT AT NATIONAL LAW INSTITUTE UNIVERSITY, BHOPAL (NLIU)
BEST CITATION – MS. SHREEJI PATEL, STRENGTHENING INDIA’S ARBITRATION FRAMEWORK: KEY TAKEAWAYS FROM THE DRAFT AMENDMENT BILL, 2024 AND THE SIAC RULES, 2025, INDIAN JOURNAL OF LEGAL REVIEW (IJLR), 5 (4) OF 2025, PG. 692-695, APIS – 3920 – 0001 & ISSN – 2583-2344.
This paper analyzes the proposed amendments to India’s Arbitration and Conciliation Act, 1996, based on the 2024 Draft Bill, which incorporates significant reforms to modernize the arbitration ecosystem in India. The Singapore International Arbitration Centre (SIAC) Rules 2025 serve as a benchmark, India can adapt those features to promote efficiency, cost transparency, and sector-specific arbitration. However, challenges persist, including skepticism about emergency arbitration’s enforceability, costs, and diversity in arbitrator appointments. Judicial delays and limited trust in the independence of arbitration further hinder India’s progress as an arbitration hub. If implemented effectively, the reforms promise to align India with global standards, reduce court caseloads, and enhance investor confidence, positioning India as a competitive international arbitration hub.