Private Justice, Public Impact: The Growing Role of Arbitration in India
Introduction In today’s fast-paced commercial landscape, where time is money and confidentiality is key, traditional litigation often proves too slow, too public, and too costly. That’s where arbitration steps in. Offering a private, time-bound, and enforceable mechanism for dispute resolution, arbitration in India has evolved from an alternative to a preferred mode of settling complex civil and commercial conflicts.This article explores how private justice through arbitration is delivering a public impact by reducing court burdens, encouraging investor confidence, and promoting legal efficiency. What is Arbitration? Arbitration is a form of Alternative Dispute Resolution (ADR) where parties agree to refer their disputes to a neutral third party (arbitrator), whose decision (the award) is final and binding. Unlike litigation, arbitration is confidential, flexible, and enforceable under the law. In India, arbitration is…