Arbitration

Arbitral Dispute/Notice/Appointment of Arbitrator, Objections before Trial Court and Appeal before High Court, Supreme Court, Arbitration proceedings.

Arbitration is a part of the Alternative Dispute Resolution (ADR) mechanism that benefits parties who want to avoid the normal lengthy recourse to the local courts for settlement of disputes. It is a legal technique for the resolution of dispute outside the courts, wherein the parties to a dispute refer it to one or more persons namely arbitrator(s) by whose decision (the “award”) they agree to be bound.

Advancement, liberalization, and globalization of international business relations necessitated the invention of a flexible, reasonable, favorable, and time-saving method of resolution of disputes without making the parties go through the rigorous, time-consuming, and resource exhausting procedure of the traditional justice delivery system

The Indian arbitration is governed and regulated by the Arbitration and Conciliation Act 1996, which derives its basis from the 1985 UNCITRAL Model on International Commercial Arbitration and the UNCITRAL Arbitration Rules of 1976.

Ad hoc Arbitration- Conduct of arbitration by the tribunal following the rules already agreed between the parties or following the rules laid down by tribunal in case of the nonexistence of agreement between parties.

Institutional Arbitration- Administration of arbitration in accordance with the rules of the procedure of an institution. The important aspects of arbitration such as the appointment of arbitrators, managing the arbitration process, identifying venues for holding arbitration hearings. Many such Indian arbitrations are administered by international arbitral institutions such as the Court of Arbitration of the International Chamber of Commerce, the Singapore International Arbitration Centre, and the London Court of International Arbitration.