• Sunayana Nassa
• Dr. Neha Susan Varghese

Nowadays, arbitration is referred as one of the popular method for resolution of international commercial disputes. Even parties want their matters to be settled early which cannot happen in litigation as it is regarded as age old court system. Generally, parties also want to settle disputes with such a mechanism which involves less procedural formalities. These are the reasons that parties are opting for arbitration as a private dispute settlement method and with the help of this alternative parties can easily conduct hearings without going to court and parties have certain liberties such as choosing of arbitrator who are having experience with respect to arbitral proceedings. When we compare both these methods litigation and arbitration then arbitration is referred as settlement method which is conducted privately where entire proceedings is based on the parties consent. Therefore, the term ‘party autonomy' have certain liberties such as choosing of arbitral institution, conduct of proceedings, and choosing of arbitrators etc.

ARBITRATION, PARTY AUTONOMY, CONCILIATION

"NEED AND EFFICACY OF COMMERCIAL ARBITRATION IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.10, Issue 6, page no.c543-c612, June-2023, Available :http://www.jetir.org/papers/JETIRTHE2040.pdf

"NEED AND EFFICACY OF COMMERCIAL ARBITRATION IN INDIA", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.10, Issue 6, page no. ppc543-c612, June-2023, Available at : http://www.jetir.org/papers/JETIRTHE2040.pdf