Institutional Arbitration and Legal Approvals from Courts in India
Institutional arbitration in India refers to a process where disputes are resolved by specialized arbitration institutions rather than ad hoc tribunals. These institutions provide structured rules, procedures, and expert arbitrators to ensure efficient dispute resolution. For an arbitration award to be enforceable, it must often receive legal approval from Indian courts. The courts play a crucial role in upholding the integrity of the arbitration process, ensuring that awards comply with Indian law, and addressing any challenges related to fairness, jurisdiction, or public policy before granting enforcement.
