The Arbitration and Conciliation Act

The Arbitration and Conciliation Act is a law that provides a legal framework for resolving disputes outside courts through arbitration and reconciliation. Arbitration involves parties agreeing to have a neutral arbitrator make a binding decision, often faster and privacy-preserving. Conciliation encourages parties to reach a voluntary settlement with the help of a neutral conciliator. The Act establishes rules for conducting these processes, ensures fairness, and enforces their decisions, offering an efficient alternative to traditional litigation for resolving civil disputes.