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Arbitration And Conciliation (Amendment) Act 2015

Arbitration And Conciliation (Amendment) Act 2015

Overview: The procedure of resolving an argument by guiding people to an acceptable solution sans lengthy court proceedings comes under Alternative dispute resolution. Arbitration is a form of Alternate Dispute Resolution (ADR) where an arbitrator acts as a third party and hears the evidence brought by both sides and makes the decision. The decision is […]

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 […]