GHAC Arbitration Week 2026 Begins to Strengthen Gujarat's Arbitration Ecosystem

The core legal framework under discussion is the Arbitration and Conciliation Act, 1996, which governs arbitration proceedings in India and was designed to align with the UNCITRAL Model Law. Justice Nariman's comments touch upon the hierarchy of courts, specifically the Supreme Court's role and the weight of Constitution Bench decisions, which are typically considered binding precedents. The interplay between the Arbitration Act and the Stamp Act is also a recurring point of contention in Indian jurisprudence, often leading to disputes over the enforceability of unstamped or insufficiently stamped arbitration agreements. The absence of comprehensive timelines for challenges and appeals, despite subsequent amendments, points to a perceived gap in the legislative framework that impacts the finality and efficiency of arbitral awards.