Judicial Intervention: Myth Or Reality – Analysis Of Section 34 & 37 Of Arbitration And Conciliation Act, 1996

What in the world is Alternate Dispute Resolution and Arbitration?

To resolve a dispute, whether domestic or international there are two main ways through which it can be resolved. First, the most common method is, through litigation. The second option is through Alternate Dispute Resolution (ADR) methods. ADR  refers to “a collection of procedures and methods designed to enable the settlement of legal issues outside of the courts with the help of third party.”¹ ADR most commonly consists of four  types: arbitration, mediation, negotiation, and conciliation. Out of these four, the two  most popular methods of ADR are Mediation and Arbitration. Litigation is a lengthy and costly process, whereas ADR, are cheaper and faster alternatives for Dispute Resolution compared to Litigation.² In this article, we will be specifically deal with Arbitration in India.