Abstract

As we know that globalization is increasing, and the commercial market is also growing, so it gives rise to disputes and conflicts among the people regarding the contracts. Apart from Litigation, there are many other ways to resolve disputes, and one such method is Arbitration. In Arbitration, the case is settled by the mutual entity known as the arbitrator. Arbitrators are the individuals that are tasked to resolve the disputes among parties as autonomous persons. The process to settle the cases through Arbitration in India is increasing a lot as we know that the Supreme Courts, High Courts, and District Courts are overflooded with the cases that are not settled yet, and Arbitration is a very quick and effective way to settle the disputes. So this paper will allow you to analyze What is Arbitration? What are its advantages disadvantages? How the cases can be settled through Arbitration and Which type of cases can be solved with the help of Arbitration and finally author has analyzed the present law of Arbitration prevailing in India.

Keywords