What are the implications of Article 136 interventions on the arbitral process in India | Overview
Analyzing the impact of broad-scope interventions under Article 136 on the efficiency and efficacy of arbitration proceedings.
- Delays in proceedings: Article 136 interventions can lead to delays in the arbitral process, impacting the timely resolution of disputes.
- Impact on party autonomy: Broad-scope interventions may interfere with the parties' autonomy in choosing the arbitrator, procedure, and governing law, affecting the fairness of the process.
- Increased costs: Additional hearings and legal proceedings resulting from Article 136 interventions can escalate the costs involved in arbitration.
- Loss of confidentiality: Interventions under Article 136 may expose confidential information or strategies of the parties, potentially compromising the confidentiality of the proceedings.
- Erosion of finality: Multiple interventions can undermine the finality of arbitral awards, leading to prolonged uncertainties and challenges to enforcement.
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