litigation in India.
Arbitration at the present day and age being
driven by a private agreement has helped
develop the idea of ‘people’s law for people’s
service. A good starting point would be to know
why arbitration as a dispute resolution has
gained a lot of popularity in recent times and
what are the statistics related to that upward
trajectory of popularity. A study conducted by
Price Waterhouse and Coopers in 2013, where
they interviewed counsels of various legal
establishments and corporate entities of
government sector, private, non-profit sector and
others came to the conclusion that nearly 83% of
establishments having a dispute resolution policy
would tend to have arbitration clause in their
contracts and by doing so they didn’t submit
their disputes to the judiciary for disposal. This
to an extent proves that arbitration typically
known as an ‘Alternate’ form of resolution of
dispute is now a mainstream form of dispute
resolution \