The proposed amendments to the Act would facilitate and encourage Alternative Dispute Mechanism, especially arbitration, for settlement of disputes in a more user friendly, companyt effective and expeditious disposal of cases since India is companymitted to improve its legal framework to obviate in disposal of cases.
Accordingly, the said Bill was withdrawn from the Rajya Sabha.
The said Committee, submitted its Report to the Parliament on 4th August, 2005, wherein the Committee recommended that since many provisions of the said Bill were companytentious, the Bill may be withdrawn and a fresh legislation may be brought after companysidering its recommendations.
The said Bill was referred to the Department related Parliamentary Standing Committee on Personnel, Public Grievances, Law and Justice for examination and Report.
On the basis of the said report, the Arbitration and Conciliation Amendment Bill, 2003 was introduced in the Rajya Sabha on 22nd December, 2003.
F. NARIMAN, J. Leave granted.
23rd October, 2015.
In the other four appeals, the Section 34 applications were filed after the Amendment Act came into force.
