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Bombay High Court
Open full web resultsWhat is arbitration - iPleaders
Arbitration is a key ADR method that can be historically traced to the village panchayat days, when the elders used to resolve disputes between persons based on principles of natural justice. In simple words, arbitration is a method of resolving disputes between parties without going to court.
Arbitration - Wikipedia
Arbitration is a formal method of dispute resolution involving a neutral person or entity who makes a binding decision (commonly called binding arbitration). The neutral third party (the 'arbitrator,' 'arbiter,' or ' arbitral tribunal ') renders the decision in the form of an ' arbitration award '. [1]
Indian Council of Arbitration
The main objective of ICA is to promote amicable, quick and inexpensive settlement of commercial disputes by means of arbitration, conciliation, regardless of location. Non-Refundable Registration Fee of Rs.15,000/- plus applicable taxes for claims up to Rs. 2 Crore.
THE ARBITRATION AND CONCILIATION Act 1996
[16th August 1996] An Act to consolidate and amend the law relating to domestic arbitration, international commercial arbitration and enforcement of foreign arbitral awards as also to define the law relating to conciliation and for matters connected therewith or incidental thereto.
What is Arbitration: Meaning, Types & Process - iPleaders
Arbitration is a form of dispute resolution in which the parties agree to submit their dispute to a private tribunal of one or more arbitrators, whose decision, the arbitral award, binds them.
Arbitration in India
In 2023, the Indian government proposed a major reform of the existing arbitration regime under the ACA 1996, with the aim of making India a global hub for arbitration.
Guide to Arbitration in India
The law on arbitration was consolidated into the Arbitration & Conciliation Act, 1996 (the Act or Arbitration Act), to bring it in line with contemporary requirements. It was a huge step in the right direction, but in practice, failed to keep pace with international standards and practices.
What Is Arbitration? - FindLaw
Arbitration occurs when parties seek to resolve a legal dispute outside of the court system. They use a neutral third party called an arbitrator. An arbitrator is often a retired judge or attorney. Arbitration, like mediation, provides an alternative to filing a lawsuit and going to court.