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| ADR - Alternative Dispute Resolution. |
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Welcome to ADR ADR 'ADR - Alternative Dispute Resolution' is a businessmen's own way of resolving commercial disputes with the minimum outside interference. ADR serves as an alternative to litigation through courts for dispute resolution. It is a matter of common knowledge that millions of cases are pending in various courts all over the country. Traditionally it takes 10-15 years in courts even to reach up to trial level. However ADR provides speedy and efficacious resolution of dispute with minimum cost. All over the world, ADR is preferred over litigation as a businessman has neither patience nor time to waste over long-drawn out litigation. In fact the emergence of ADR has been one of the most significant movements as a part of conflict management and judicial reform. [read] Fast Track Arbitration. In a commodity exchange where the disputes are resolved by traders and businessmen themselves, a dispute which arises in the morning is disposed of the same day by 5pm and an appeal is disposed of within a couple of days One noted maritime arbitrator is recalled as having made his inquiry on- board ship and issued his decision orally before the turn of the tide, to allow the ship to sail .......... [read] ARBITRATION can be defined as a method by which parties to a dispute get the same settled through the intervention of a third person called Arbitrator. Parties can also settle the disputes through A permanent Arbitral institution like 'ICA - Indian Council of Arbitration' or A Chamber of Commerce like 'Indian Merchants Chamber'. The judicial settlement of a dispute is a public sector mechanism and Arbitration is a Private sector alternative to the same. ....... [read] |
 "If I were appointed a dictator of this country, in the short period between my appointment and my assassination, I would promulgate a law making all commercial disputes compulsorily referable to ARBITRATION." - Nani Palkhiwala.  "The success rate of ADR in the US is as high as 94 percent." - Justice Ajit Shah |
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