Mere Pendency Of Criminal Cases Alleging Simple Fraud No Bar To Arbitration : Supreme Court

The Supreme Court has ruled that the "mere pendency of criminal cases alleging simple fraud is no bar to arbitration." The court’s decision provides much-needed clarity on the intersection of criminal law and arbitration. The ruling emphasizes that arbitration should not be stalled unless the fraud is so complex that it cannot be resolved through arbitration. This judgment is a significant win for alternate dispute resolution, as it reinforces that the default mode of dispute resolution between parties in a commercial contract should be arbitration.