Indian Arbitration and Conciliation Act

The Indian Arbitration and Conciliation Act, 1996, provides a legal framework for resolving disputes outside courts through arbitration and conciliation. It allows parties to agree on resolving their disagreements privately, with arbitrators acting as neutral judges. The act promotes efficient, flexible, and enforceable dispute resolution, reducing judicial workload. It covers domestic and international disputes, establishing procedures for appointing arbitrators, conducting hearings, and enforcing arbitration awards. Overall, it aims to make dispute resolution faster, confidential, and more adaptable compared to traditional court litigation.