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VOL. 7, ISSUE 4 (2021)
The ripening of arbitration in India
Authors
Sagar Agarwal
Abstract
The theory of ‘Arbitration’ is fundamentally a legal alternative to the process of litigation wherein, parties to the agreement assents to bow their disagreements to one or more arbitrators to resolute their dispute/variances. The object of arbitration is to obtain a fair and just resolution of disputes between the parties by an impartial/independent third party without unnecessary delay. It allows the parties to choose an exclusive mechanism for dispute resolution rather than an extensive, expensive and prolonged procedure of court litigation. This article establishes the precise meaning of the phenomenon of “Arbitration” and also outlines the advancement of the same in India, since its inception.
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Pages:238-245
How to cite this article:
Sagar Agarwal "The ripening of arbitration in India ". International Journal of Law, Vol 7, Issue 4, 2021, Pages 238-245
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