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“Arbitration, An Upcoming Pillar In The Judicial System?”, *Deepali Sinha Amity Law School, Noida , **Sidhant Vermani Amity Law.pdf

Sidhant-Vermani.pdf
Preview of “Arbitration, an Upcoming Pillar in the Judicial System?”, *Deepali Sinha Amity Law School, Noida , **Sidhant Vermani Amity Law
🔗 Source: penacclaims.com
📊 Size: 543 KB
👤 Author: Tushar Bakshi
⬇️ Downloads: 587

Summary

The Indian judicial system is overburdened with cases, making it difficult to efficiently handle disputes. Arbitration, an out-of-court settlement where parties choose an arbitrator to adjudicate disputes, is gaining attention as a viable alternative. It offers advantages such as lower costs, faster proceedings, and minimal court intervention. The Arbitration and Conciliation Act 1996, based on the UNCITRAL Model Law, provides provisions for domestic and international commercial arbitration, aiming to minimize court intervention. Arbitration agreements can be binding or non-binding, and the Indian judiciary will examine the agreement to determine its validity. The appointment of arbitrators is guided by the arbitration agreement, and the Arbitration Act lays down provisions for their appointment, including the requirement for an odd number of arbitrators.

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Description

The Indian judicial system is overburdened with cases, making it difficult to efficiently handle disputes.

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  • File Format: PDF
  • File Size: 543 KB
  • Pages: 7
  • Language: EN
  • Author: Tushar Bakshi
  • Total Downloads: 587
  • Last Updated: 1 week ago

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