Why Arbitration Matters

Law Senate12 Dec, 2025Legal

Among the many forms of alternative dispute resolution, arbitration has gained immense popularity as one of the shortest, most flexible, and often less expensive forms than litigation. The Indian arbitration system has undergone considerable reform over the past two decades, making slow and steady progress toward more free, efficient, and globally compatible methods. The basic framework governing the law of arbitration in India is derived largely from the Arbitration and Conciliation Act of 1996 based on the UNCITRAL Model Law, with successive amendments-modernizing the practice, especially those of 2015, 2019, and 2021.