The concept of Arbitration is in existence since the old ages in India. There were many disputes which were settled in ancient India by Arbitration. Confirming the existence of arbitration, Indian legislations such as Civil Procedure Code and Arbitration and Conciliation Act, 1996 put arbitration on a higher pedestal as compared to any other method of alternative dispute resolution system. This concept must be established in India for some obvious reasons such as reducing the burden of the judiciary and establishing itself as a platform for a globally recognized Centre of arbitration. Its relevance has increased multi-fold in solving disputes whereby the parties are the nationals of different countries. In such cases, the neural view is required to settle the dispute at mutually acceptable terms. The majority of the countries are ready to involve in trade with the countries that have incorporated the arbitration clause in the contract. In order to promote international trade and to bring uniformity in Arbitration Laws throughout the world many countries have signed UNCITRAL Model Law on International Commercial Arbitration. India is also its signatory and adopted the provisions of UNCITRAL as it is in its national legislation. India is toddling on the esplanade to achieve her ambition i.e. to be an arbitration capital of the world. To achieve this goal, India is facing a catalogue of obstacles in her way like issues re