- The NDIAC is an autonomous institution based in New Delhi, to conduct arbitration, mediation, and conciliation proceedings.
- It was established in 2019 and declared as an Institute of National Importance by an Act of Parliament.
- It has been established for the purpose of creating an independent and autonomous regime for institutionalised arbitration.
- It seeks to establish a regime for institutionalised arbitration.
- Along with (Retd.) Justice Gupta, the Appointments Committee of the Cabinet has approved the appointment of Shri Ganesh Chandru and Shri Anant Vijay Palli as part-time members of the NDIAC.
- Term and superannuation: The members of NDIAC will hold office for three years and will be eligible for re-appointment. The retirement age for the Chairperson is 70 years and other members is 67 years.
- Key functions of the NDIAC will include: facilitating conduct of arbitration and conciliation in a professional, timely and cost-effective manner; and promoting studies in the field of alternative dispute resolution.
Composition of 9 NDIAC-
NDIACl consists of seven members including:
- A Chairperson who may be a Judge of the Supreme Court or a High Court, or an eminent person with special knowledge and experience in the conduct or administration of arbitration.
- Two eminent persons having substantial knowledge and experience in institutional arbitration.
- Three ex-officio members, including a nominee from the Ministry of Finance and a Chief Executive Officer (responsible for the day-to-day administration of the NDIAC); and
- A representative from a recognised body of commerce and industry, appointed as a part-time member, on a rotational basis.