
Arbitration
Advocate Indraraj Yadav having legal expertise in Arbitration and Conciliation Matters. In arbitration, the dispute between the two parties is settled through a quote by a third person chosen by both sides. The general point of view is that legal action is costly, tedious, and full of obstacles. Hence, arbitration presents an alternate way to resolve disputes, where the parties can settle their dispute outside the court of law.
The method of resolving issues without the court’s involvement or outside the court of law is called alternative dispute resolution. There are other methods in alternative dispute resolution, such as:
- Conciliation
- Arbitration
- Mediation
Due to the delay in justice by the court, these techniques have been very effective and time-saving. Arbitration has rapidly developed in our country. Its primary motivation is to provide instant justice to both parties.