Law Of Arbitration In India & Alternative Dispute Resolution

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

ADR means Alternative Dispute Resolution which includes various methods of settling a dispute without getting into the intricacies of the court. It is a method where parties try to resolve their disputes privately in front of a third-person expert. The decision is binding on the parties like the decision of the court.

What are the types of ADR processes?

Broadly there are four ADR processes, namely Arbitration, Mediation, negotiation, and conciliation. These processes are an alternative to litigation and can be very beneficial to the parties in dispute. It is less time-consuming compared to litigation. Here's a brief of what these processes mean-