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ARTICLE · 25 JUNE 2015

Arbitration – Practical Approach In India

One of the best features of Indian Arbitration and Conciliation Act, 1996 is that parties to the arbitration agreement have no option except to go for arbitration in case of any dispute.

IndiaLitigation, Mediation & Arbitration

Article by Vijay Pal Dalmia, Advocate, Supreme Court of India and Delhi High Court, Partner & Head of Intellectual Property Laws Division, Vaish Associates Advocates, India

All Disputes, which are of civil nature, may be resolved at any of the following two forums i.e. the formal system of redressal through conventional system i.e. Courts and Tribunals, or Alternate Dispute Resolution (ADR) i.e. Mediation, Conciliation and Arbitration. Keeping in view the state of the formal judicial process, it shall always be preferable to opt for ADR. India has a codified law on ADR i.e. the Arbitration & Conciliation Act, 19961 which conforms to Model law on International Commercial Arbitration in 1985 by the United Nations Commission on International Trade Law2 (UNCITRAL). These Model laws and Rules make significant contribution to the establishment of a unified legal frame work for the fair and efficient settlement of disputes arising in international commercial relations.

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