September 1, 2021 - Lexresolv

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September 1, 2021
Owing to the nature of humans usually, conflicts and disputes are inevitable. Hence the need for the existence of dispute resolution mechanisms in order to prevent anarchy in society. Court litigation is the usual method for dispute resolution in most states. But the deficiencies of the system have prompted the increasing use of alternative dispute...
In a path-breaking judgment, the Supreme Court has observed that pre-deposit clauses to invoke arbitration would clog the arbitral process ineffective and make it expensive. In the case of M/s. Icomm Tele Ltd. Vs. Punjab State Water Supply & Sewerage Board & Anr a bench comprising of Justice R.F. Nariman and Vineet Saran struck down...
11Arbitration and Concilliation
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Arbitration and conciliation are two methods of dispute resolution. Arbitration is a process in which a dispute is submitted, by agreement of the parties, to one or more arbitrators who make a binding decision on the dispute. In contrast, conciliation is a process in which a third party assists the disputing parties in resolving their...