Law panel defines public policy for arbitration amendment bill
Seeking to avoid any ambiguity over the definition of 'public policy', a bill to amend the Arbitration Act is likely to carry an explanation of the term as recommended by the Law Commission. The law panel has sent a supplementary report to the Law Ministry based on two recent Supreme Court judgements. The judgements came after the Commission submitted its report on the amendments to the Act in August last year. "Unless the amendment to the Commission's proposed Section 34(2)(b)(ii) is incorporated, 'public policy' will continue to be widely construed...," the panel said in its latest report.