Union Cabinet clears NDIAC Bill, 2019

The Union Cabinet has cleared the New Delhi International Arbitration Centre (NDIAC) Bill, 2019. The Bill provides for setting up of an independent and autonomous body for institutional arbitration.

It also aims to acquire and transfer the undertakings of International Centre For Alternative Dispute Resolution to New Delhi International Arbitration Centre (NDIAC) w.e.f 2nd March 2019.

Source- All India Radio (AIR News)

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