India Arbitration Hub Banne Ka Sapna Khatre Mein? Sarkar Ki Policy Se Investors Pareshan!

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AuthorRiya Kapoor|Published at:
India Arbitration Hub Banne Ka Sapna Khatre Mein? Sarkar Ki Policy Se Investors Pareshan!
Overview

Yaar, India chahta hai ki woh arbitration mein world ka number 1 center ban jaye. Lekin sarkar ke hi kuch naye niyam is dream mein badi rukavat ban rahe hain, jiske baare mein former Justice Kurian Joseph ne badi chinta jahir ki hai. Yeh policies investors ko dara sakti hain, especially bade infrastructure projects ke liye.

Dekho bhai, ek taraf toh India soch raha hai ki woh global arbitration hub banega, wahi dusri taraf sarkar ke apne hi kuch naye faisle is dream ko todne wale lag rahe hain. Former Supreme Court Justice Kurian Joseph ne government ke recent policies ko lekar kaafi sakht kadam uthaya hai.

Asal mein, government ne ab public contracts mein ₹10 crore se zyada ke bade disputes ke liye arbitration ko optional bana diya hai. Iski jagah mediation ko promote kiya ja raha hai. Justice Joseph aur kayi experts ka kehna hai ki yeh bohot 'unwise' decision hai, jabki hum saalon se keh rahe hain ki India arbitration ke liye best hai.

Is sabka seedha asar investors par padega, especially jo log infrastructure sector mein paisa laga rahe hain. India ko US$1.4 trillion ka investment chahiye 2025 tak, par agar disputes solve karne ka trusted tareeka hi hata diya toh foreign money kaise aayegi? Singapore aur London jaise hubs se hum piche reh jayenge agar humara system clear aur fast nahi hua toh.

Iska ek example hai ₹7,000 crore wala Vizhinjam International Seaport case. Aise bade disputes agar arbitration se hat gaye toh woh indefinite time ke liye atak sakte hain, jisse economic growth slow ho sakti hai.

Aur upar se, arbitration awards ko enforce karne mein bhi mushkil hoti hai. Court mein chalne wale cases mein bohot time lagta hai, kabhi kabhi toh district courts mein paanch saal se bhi zyada lag jate hain sirf case chalne mein. Yeh cheezein investors ka trust kam karti hain.

Contract mein 'force majeure' jaisi clauses ko bilkul clear likhna chahiye, justice saab ne yeh bhi samjhaya hai. Aur haan, AI ka use bhi badh raha hai arbitration mein, jo documents review karne mein help kar sakta hai, but final decisions mein human touch zaroori hai.

Overall, jab tak India apne system mein trust nahi banata aur court involvement kam nahi karta, tab tak global arbitration hub banne ka sapna mushkil hi rahega.

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