Guwahati, July 19 -- Supreme Court judge Justice Ujjal Bhuyan on Saturday said "erratic court verdicts" and "regressive" policy decisions by the Union Finance Ministry have undermined India's ambition of becoming a global arbitration hub, questioning how the Centre's recent approach can be reconciled with Prime Minister Narendra Modi's vision of promoting institutional arbitration.

Delivering the keynote address on "Arbitration in India: Reform, Relevance and the Road Ahead", organised by The Law Forum, Justice Bhuyan said a series of recent judicial and policy developments had weakened investor confidence in India's arbitration regime.

Delhi High Court judge Justice C. Hari Shankar and former Himachal Pradesh High Court Chief Justice R...