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flag India's 2024 Arbitration Bill seeks faster, cheaper dispute resolution in banking, reducing court involvement.

flag The Arbitration and Conciliation (Amendment) Bill, 2024, aims to overhaul India's banking and financial dispute resolution by introducing faster, cheaper, and more reliable methods. flag It reduces court involvement and streamlines processes, supported by the Jupiter Council for Arbitration and Mediation (JCAM), which ensures neutrality and efficiency through online dispute resolution. flag The bill aligns with Supreme Court principles of fairness, promising a more efficient financial sector dispute resolution system.

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