Arbitration & Conciliation: Effective Alternative Dispute Resolution in India
Arbitration & Conciliation are two important methods of Alternative Dispute Resolution (ADR) that help individuals, businesses, corporations, and organizations settle disputes outside traditional court litigation. In India, these mechanisms are governed primarily by the Arbitration and Conciliation Act, 1996, which was enacted to provide a faster, efficient, and cost-effective dispute resolution system. With the rise of commercial transactions, international trade, startup culture, infrastructure projects, and corporate agreements, arbitration and conciliation have become highly preferred legal processes for resolving disputes confidentially and professionally. Businesses today increasingly include arbitration clauses in contracts to avoid lengthy court battles and maintain commercial relationships. What is Arbitration? Arbitration is a legal process in which disputes are referred to an independent third party known as an Arbitrator. The arbitrator hears both sides, examines evidence, and delivers…
