The Courts in India are still on a mission to achieve the objective of speedy adjudication of Commercial Disputes.Pursuant to the same Commercial Courts (Pre Institution Mediation and Settlement) Rules, 2018 were framed with the purpose of resolving the matters relating to commercial disputes in an efficacious and expeditious manner.As per the said enactments, all disputes…
Since, the era of White industries case,the there have been enumerous instances where parties to arbitration preferred ad hoc arbitration over institutional and thereby led to greater expansion of the former over the latter.“Ad-hoc arbitration is considered less expensive than institutional arbitration, as the parties only pay fees of the arbitrators, lawyer’s fees, and the…
Arbitration is a methodology wherein a question is submitted, by the understanding of the gatherings, to at least one mediator who settles on a limiting choice on the debate. In picking discretion, the gatherings decide on a private debate goal technique as opposed to going to court. Its main qualities are: Arbitration is consensual: Arbitration…
What is mediation? Any Dispute resolution may be done through two ways. One is by adjudication which is binding process where a decision is given by third party. The second method is by negotiation which is non-binding and it is done through negotiation between the parties. A binding dispute resolution may be done any of…
Psychology is the scientific study of behaviour, experience and mental processes. Behaviour includes all of our outward or overt actions and reactions, such as talking, facial expressions and movement. Mental processes refer to all the internal, covert actions of our minds, such as thinking, feeling and remembering. To study behaviour and mental processes in both…
On 22nd December 1901, Rabindranath Tagore established his school at Santiniketan with five students (including his eldest son) and an equal number of teachers. He originally named it Brahmacharya Ashram in the tradition of ancient forest hermitages. Not too many know that Shantiniketan, which means the abode of peace – long before it became the…
The INDIAN EDUCATION SYSTEM, ruining aspirations, dreams, careers and lives since forever. On an average an Indian person spends about 16-18 years in school and another 3-5 years in college, if not more thinking that education will put him on the right path of life and rightly so. What are the expectations? He/she will know…
The dictionary meaning of ‘arbitration’ is the process of solving an argument between people by helping them to agree to an acceptable solution. Arbitration is a part of the Alternative Dispute Resolution (ADR) mechanism that benefits parties who want to avoid the normal lengthy recourse to the local courts for settlement of disputes. It is…
Introduction Arbitration is the dispute settlement process between two agreeable parties to appoint an arbitrator to give a binding solution on the dispute. It is a way to settle disputes outside the courts thereby saving time and resources at the same time.Arbitration is a legal mechanism encouraging settlement of disputes between two or more parties…
International commercial arbitration is a method of resolving disputes that arise from international contracts. It is used as a substitute for litigation and is governed mostly by the contracting parties’ prior agreements, rather than by national legislation or procedural regulations. Most contracts include a dispute resolution clause that states that any contract-related problems will be…
