On 23.10.2015, President finally promulgated the ordinaces for Constitution of Commercial Courts and Arbitration and Conciliation (Amendment).
The much awaited amendments in Arbitration is finally implemented for really making ease of business in India. Since, foreign entities were worried about the lengthly legal procedures in India. Whereas, time factor in arbitration shall arrest such anticipations and henceforth, the disposal of arbitral proceedings shall be expeditious.
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