The Government of India has appointed former Supreme Court Judge Hemant Gupta as the Chairperson of New Delhi International Arbitration Centre (NDIAC).
- Along with (Retd.) Justice Gupta, Shri Ganesh Chandru and Shri Anant Vijay Palli have been appointed as part-time members of the NDIAC.
- His name was approved by the Appointments Committee of the Cabinet The NDIAC is an autonomous institution based in New Delhi, to conduct arbitration, mediation, and conciliation proceedings.
About New Delhi International Arbitration Centre (NDIAC)
- It was established in 2019 by an act of parliament. It seeks to establish a regime for institutionalised arbitration.
- The NDIAC shall be a seven member body to be headed by a former Judge of Supreme Court or a High Court or an eminent person.
- It has been declared to be an institution of national importance.
- The NDIAC will inter alia provide cost effective and timely services for the conduct of arbitration and conciliation at national and international level, facilitate conduct of international and domestic arbitration and conciliation and impart training in alternative dispute resolution and related matters in field of arbitration, conciliation and mediation.
- Its purpose is to bring reforms in the field of arbitration and conciliation and to develop it as a flagship institution for domestic and international arbitration.
- Parliament had recently passed a bill to rename the New Delhi International Arbitration Centre as the India International Arbitration Centre.
