Arbitration in India is a popular alternative dispute resolution method that allows parties to resolve conflicts outside of traditional courts. Governed by the Arbitration and Conciliation Act, 1996, arbitration provides a private and binding resolution process that is generally faster and less formal than court proceedings. It is commonly used in commercial disputes, contracts, and international trade matters. The arbitration process involves appointing an arbitrator, who acts as a neutral third party to hear both sides and make a decision. This method is favored for its efficiency, confidentiality, and ability to deliver enforceable awards.
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