Arbitration and Conciliation (amendment) act, 2021:A Roadblock or the Road Ahead?

 Arbitration is one of the alternatives for dispute resolution rather than going to court. The neutral adjudicator settles this process and his decision or award is final and binding upon the parties. Arbitration awards have limited rights of review and appeal. These alternative dispute resolutions are friendly in nature. It is time and cost-efficient, flexible,…

Preamble

A preamble is an introductory statement in a document that explains the document’s philosophy and objectives. In a Constitution, it presents the intention of its framers, the history behind its creation, and the core values and principles of the nation. The preamble basically gives idea of the following things/objects:Source of the Constitution Nature of Indian State Statement of its objectives Date of its…