In commercial disputes, there may exist a situation demanding urgent remedy. However, due to unavailability of sufficient time, parties to arbitration are forced to approach court for emergency relief. In order to remedy this drawback, modern day institutional arbitration has come up with the concept of Emergency Arbitration. This research article contains a brief of some major institutional arbitration rules which have provided for Emergency Arbitration. It also contains the meaning, advantages and limitations of Emergency Arbitration and its recognition status in India.