Archive · 14 Jun 2025
Meghwal, ONGC Chief Advocate for Timely Arbitration in India
Arbitration is a way to solve business disagreements without going to court.
The Law Minister wants India to be a top place for these meetings again, because it used to be part of Indian culture.
The head of ONGC, a big company, wants these meetings to be quick because time is important.
The government is trying to make these meetings easier and faster.
Common reasons for disputes are being too careful, unrealistic promises, and inflexible contracts.
Law Minister Meghwal advocated for institutional arbitration, citing it as part of Indian culture.
ONGC Chairman Singh emphasized the need for timely arbitration proceedings.
The government is promoting institutional arbitration to improve efficiency.
Singh identified conservatism, vendor optimism, and contract rigidity as main causes of disputes.
India aims to regain its position as a hub for international arbitration.
- Who
- Law Minister Arjun Ram Meghwal, ONGC Chairman Arun Kumar Singh, Law Secretary Anju Rathi Rana, and Justice (retd) Hemant Gupta.
- What
- Law Minister Meghwal and ONGC Chairman Singh discussed institutional arbitration.
- When
- June 14, as per the report.
- Where
- New Delhi, at a conference on institutional arbitration.
- Why
- To promote faster dispute resolution and re-establish India as a hub for international arbitration.
Views on Arbitration Speed and Type
N/A
Speed and Efficiency
Views on Arbitration Speed and Type
ONGC Chairman and the government advocate for time-bound, institutional arbitration.
N/A
The industry feels arbitration in India is slow and inefficient.
Type of Arbitration
Views on Arbitration Speed and Type
The government promotes institutional arbitration.
N/A
No opposing view was mentioned in the provided articles.
- Law Minister
- Arjun Ram Meghwal
- ONGC Chairman
- Arun Kumar Singh
- Event
- Conference on institutional arbitration
- Location
- New Delhi