Published Paper Details:

India is moving towards the modern economy and establishing the country as a hub for arbitration so to reduce the burden of courts. Traditionally, India seemed towards ad-hoc arbitration and due to lack of enforcement of institutional arbitration in the country, it took part at Singapore and other countries. But, recently in the year 2019, India promoted the country as an arbitral destination. All the matters of commercial disputes should have a neutral arbitral institution in resolving such disputes. Moreover, there has been the establishment of institutions for conducting arbitration like MCIA in 2017, NDIAC in 2019, etc, to promote international best practices in the Country. This will give effect to prefer international commercial arbitration in the country as well as there is a need to look over the enforcement of such institutions effectively in India to achieve its objectives. The paper will be conducted as Non-Empirical/Doctrinal research. The main objective of this research paper is to find out the current situation of institutional arbitration in India. Further, the research paper is divided into four parts. Part I will be dealing with the introduction. Part II will be dealing in challenges with respect to existing institutions. Part III will be dealing with enforcement of institutional arbitration in India till 2019. Part IV will be dealing with conclusion and suggestions. This paper seeks to deal with the functioning of the existing institutions for governing arbitration in India. Lastly, finishing the study by evaluating all the situations in the current scenario as well as measures should be adopted. By writing this research paper, the researcher would like to get a new conclusion.