To curb the huge impact of high volume of pending cases in the courts of India, The Central Government decided to amend the Arbitration and Conciliation, 1996 act by introducing the arbitration and conciliation (amendment) Bill, 2015 in the parliament. Considering the Law Commission’s recommendations, the central government amended the act to make arbitration a preferred method of settlement of mercantile disputes and making India nucleus of International Commercial Arbitration.