Independence And Impartiality In Arbitration

Introduction

In today's globalized business landscape, characterized by rapid growth and expansion, companies enter into several contracts and agreements daily. These agreements outline the roles, responsibilities and transactions of the contracting parties. As such, these contracts contain intricate transactions where disputes are inevitable. Whenever any discrepancy arises, the concerned parties prefer to settle those issues through the dispute resolution clauses in their contracts to sidestep the lengthy and costly courtroom battles. Given the context, arbitration has gained prominence as an effective ADR mechanism to resolve such disputes in a time-efficient manner.

Section 12 of the Arbitration Act