"Lack of professionalism on the part of arbitrators and lawyers is bringing a bad name to the country," he said, adding, "I think that the legal format (of arbitration process) has to undergo a change."
The CJI also said that the overburdened judiciary is supportive of the alternate dispute resolution mechanism of arbitration in view of the huge pendency of cases.
"We would welcome a system like arbitration. We are supportive of arbitration as it relieves us of the burden of pendency of cases. Entire judiciary, from top to bottom, is supportive of arbitration process," the CJI said.
"What is heartening is that the government is conscious of this requirement. They have brought in an ordinance and that shows that they want to make changes, they want to make amends, things are moving and the fact that they are making some amendments in the ordinance is very heartening," Justice Thakur said.
Under the amendments proposed by the government to the Arbitration and Conciliation Act, 1996, an arbitrator will have to settle a case within 18 months. However, after the completion of 12 months, certain restrictions will be put in place to ensure that arbitration case does not linger on.

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