ARBITRATION

Precutly our courts are overburdened of cases, due to which “Justice delayed is Justice deiced” is taking it’s shape. In such a situation arbitration as a form of alternative dispute resolution is an effective means for getting early justices. In arbitration a neutral third party genders binding decision is the form of award. The Arbitration & Conciliation Act 1996 is the important legislation which regulates domestic arbitration, international commercial arbitration and enforcement of foreign arbitration awards.