Challenges in India's Arbitration: Costs, Delays, and Institutional Appointment Issues
Arbitration in India faces challenges including high costs, delays, and inconsistent institutional appointments. Critics highlight the dominance of retired judges in ad hoc tribunals leading to expensive and prolonged proceedings, with courts frequently granting extensions and imposing minimal penalties for delays. Additionally, the lack of a clear, standardized process for designating arbitration institutions creates uncertainty and may increase costs, as courts sometimes select institutions without transparent criteria, affecting business confidence and dispute resolution efficiency.