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Is Arbitration effective in India?

Is Arbitration effective in India?

An alternative to litigation, arbitration is a mechanism which ensures speedy resolution of contractual disputes. Governed by “The Arbitration and Conciliation Act, 1996”, the process of arbitration can be initiated if prior to the occurrence of a dispute, there has been a written agreement between the parties. The contract under which the dispute arises, must […]

The Arbitration and Conciliation

The Arbitration and Conciliation

Arbitration is a process of dispute resolution between the parties. It is an alternative to litigation. It is governed by “The Arbitration and Conciliation Act, 1996”. The process of arbitration can commence only if there exists a valid Arbitration Agreement between the parties prior to the emergence of the dispute. Such an agreement must be […]

Arbitration Procedure and Rules

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With the growing trade relations between various countries in different businesses, projects have brought revolutionary changes in the economy of every country through globalization and industrialization. With the ever-growing business relations, conflicts are bound to take place. In order to tackle the disputes, the parties often tend to adopt an alternate mechanism for the settlement […]