Emergency Arbitration, as a mode of resolution of disputes that arise, has the same characteristics and procedures just like a normal arbitral proceeding. What is of pivotal difference here is that of finality, that is to say, in case of emergency arbitration, the relief given to a party is an interim relief to cater the needs of the moment and may not be final. This is under the genesis of this emerging mode of dispute resolution. The scope of the paper is to discuss this new concept and its prospects in India vis-à-vis the Arbitration Amendment Act of 2015.