The Lok Sabha on Wednesday cleared the New Delhi International Arbitration Centre Bill, 2019. The Bill, which replaces an Ordinance promulgated in March this year, provides for the incorporation of the New Delhi International Arbitration Centre (NDIAC) for creating an autonomous regime for institutionalised arbitration.

The Bill, moved by Union Law Minister Ravi Shanker Prasad, has a provision to declare the NDIAC as an Institution of National Importance. The Minister said the Centre will be headed by a chairperson, who has been a judge of the Supreme Court or a High Court or an eminent person having special knowledge and experience in the administration of arbitration.

You need to subscribe or sign-up to read Today's Paper articles.

Already a subscriber? Sign in

Already a subscriber? Sign in

Find mobile-friendly version of articles from the day's newspaper in one easy-to-read list.

Enjoy reading our articles without intrusion from advertisements.

A select list of articles that match your interests and tastes.

Move smoothly between articles as our pages load instantly.

A one-stop-shop for seeing the latest updates, and managing your preferences.

We brief you on the latest and most important developments, three times a day.

*Our Digital Subscription plans do not include the e-paper. Our plans enhance your online reading experience.

Already a user? Sign In

To know more about Ad free news reading experience and subscription Click Here

or Please whitelist our website on your Adblocker