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Arbitration and Conciliation Act

The Arbitration and Conciliation Act of 1996 is an Indian law that provides a framework for resolving disputes outside of traditional court processes. Arbitration involves appointing a neutral third party, known as an arbitrator, who makes a binding decision on the conflict. Conciliation is a more informal process where a conciliator helps the parties reach a mutually agreeable solution. This law promotes faster dispute resolution, reduces court backlogs, and supports the enforcement of arbitration agreements and awards, making it a significant alternative for resolving civil and commercial disputes in India.

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    The Arbitration and Conciliation Act is a legal framework in India that provides methods for resolving disputes outside of traditional courts. Arbitration involves an independent third party, called an arbitrator, who makes a binding decision on the disagreement, while conciliation encourages the parties to reach a mutual agreement with the help of a conciliator. This act aims to promote quicker and more efficient resolution of disputes, reduce court congestion, and encourage settlements, making it easier for individuals and businesses to resolve conflicts amicably.