Powers under Section 17, Arbitration Act have come at par with those under Section 9 after an amendment. However, Section 17 powers of arbitral tribunals do not carry the same impact as those of courts under Section 9.
"We had great arbitrators like Krishna. The Kauravas didn't listen and Mahabharat happened," said Union Minister of State for Law and Justice, Arjun Ram Meghwal, who was also present at the DAW event where VK Rajah spoke
The UNCITRAL Model Law, established in 1985, has gained global recognition as a benchmark for arbitration laws, with more than 120 jurisdictions incorporating its principles