The document discusses arbitration as a form of alternative dispute resolution, detailing its processes, types, and legal framework under the Arbitration and Conciliation Act of 1996 in India. It outlines the roles of arbitrators and conciliators, the nature of arbitral awards, and the benefits and drawbacks of arbitration compared to traditional litigation. Additionally, the document mentions the 2015 amendments to the act, which address the definitions and qualifications relevant to arbitration.

2. Arbitration
 Form of alternative dispute resolution
 Alternative to court room litigation
 Parties submit their disputes to third party called as
Arbitrators
 The arbitrator makes binding decisions

3. Conciliation
 Conciliator discuss issues to reach argument
 Responsible for managing the process
 Does not make determination

4. Origin
 Village panchayats prevalent in ancient India
 Decision were accepted and obeyed unquestionably
 Saw a change of pattern in 21st century

5.  Ad-hoc Arbitration
 Institutional Arbitration
 Statutory Arbitration
 Domestic and International Arbitration
 Foreign Arbitration

6. Pros
 Confidentiality
 Limited discovery
 Speed
 Expert
 Cost savings
 Preservation of business relationship
Cons
 Sometimes misleading
 Parties waive their access to the courts

7. Some types of arbitral disputes are:
 Property
 Insurance
 Contract
 Business/Partnership disputes
 Family disputes(except divorce matters) etc.

8.  An act to consolidate the law relating to:
a) Domestic arbitration
b) International commercial arbitration
c) Enforcement of foreign arbitral awards
 Incorporated rules and regulation from the UNICTRAL
Model Law on International Commercial Arbitration
and the UNICTRAL rules on Conciliation.

9.  It is defined under section 7 of the Arbitration and
Conciliation Act 1996
 It means an agreement by the parties to submit to
arbitrator all or certain disputes which have arisen or
which may arise between them in respect of defined
legal relationship.
 It may be in the form of an arbitration clause in a
contract or in a separate agreement.
 Various telecommunication forms

10.  According to section 2(1)(d) of Act arbitral tribunal
means a sole arbitrator or a panel of arbitrators.
 No. of arbitrators
 A person of any nationality may be an arbitrator, unless
otherwise agreed by the parties

11.  Under section 2(1)(c) of Arbitration and Conciliation Act
1996 arbitral awards includes an interim award.
 Judgment pronounced by an arbitral tribunal
 Section 35 of Act states that an arbitral award shall be
final and binding on the parties and person claiming
under them.

12.  Final Award- refers to as when the arbitration
proceedings stand terminated and award made is
binding on the parties.
 Interim Award- refers to as a protective measure an
arbitral tribunal may make a interim order in respect of
the subject matter of the dispute.

13. The Government of India decided to amend the
Arbitration and Conciliation Act, 1996 by introducing
the Arbitration and Conciliation (Amendment) Bill,
2015 in the Parliament which include:
 Definition of expression Court
 Section 2(2)
 Section 8
 Section 9

14.  Circumstances exist that give rise to justifiable doubts
as to his/her independence or impartiality or
 He/she does not possess the qualifications agreed to by
the parties