Author: Shriya Rastogi, Student at Law College, Dehradun, Uttaranchal University
As an alternative to a typical court approach, arbitration is the mechanism for resolving conflicts. The tradition of dispute settlement through arbitration can be traced back to ancient times, when disagreements in villages were settled between members of specific relationships or occupations, or between members of a certain locality. The arbitration law in its present form is the result of a continuous series of evolution through the years starting from the very grassroots in the form of panchayats which could be considered as the rustic presentation of arbitration which we know today to the recognition of the first arbitration statue in 1899 to the arbitration and conciliation act, 1996. The cycle of growth keeps churning towards evolution with the latest being the 2021 amendment. This paper is an attempt to examine, analyze and review the arbitration laws, starting from its formulation implementation and journey.