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ARBITRATION: AN EFFECTIVE MECHANISM TO DISPUTE RESOLUTION
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Author(s):
RAM GOPAL
Vol - 5, Issue- 9 ,
Page(s) : 56 - 64
(2014 )
DOI : https://doi.org/10.32804/CASIRJ
Abstract
Arbitration a useful compliment to the judicial process offers an alternative forum to the time consuming and expensive court proceedings and ensures practical, inexpensive, flexible and speedy resolution of disputes with the consensus of the parties.
It is universal that our present judicial system is extremely expensive and delaying. The parties to dispute have to wait for justice for years. This shall naturally reduce the faith in judicial system. These weaknesses of judicial system have given birth to alternative remedies for the disposition of disputes. When alternative remedies provided fast justice, their following increased day by day.
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