Alternate Dispute Resolution

The Statement of Objects and Reasons of the Act recognises that India's economic reforms will become effective only if the nation's dispute resolution provisions are in tune with international regime.

The Statement of Objects and Reasons set forth the main objectives of the Act as follows:

  • To comprehensively cover international and commercial arbitration and conciliation as also domestic arbitration and conciliation;
  • To make provision for an arbitral procedure which is fair, efficient and capable of meeting the needs of the specific arbitration;
  • To provide that the arbitral tribunal gives reasons for its arbitral award;
  • To ensure that the arbitral tribunal remains within the limits of its jurisdiction;
  • To minimise the supervisory role of courts in the arbitral process;
  • To permit an arbitral tribunal to use mediation, conciliation or other procedures during the arbitral proceedings to encourage settlement of disputes;
  • To provide that every final arbitral award is enforced in the same manner as if it were a decree of the court;