Article by Adhip Ray and Rahul Sodhi , Edited by Adhip Ray and Chinmay Jain . Arbitration is commonly preferred over normal litigation nowadays whether it is India or the United States since the process of arbitration is a very cost-effective and efficient alternative to litigation. What's Arbitration Arbitration is an alternative to a court proceeding as the proceedings of the arbitration are less formal and more flexible than a court proceeding and it can provide fast and effective awards or results in a shorter span of time at a low cost with greater certainty and with a higher degree of privacy to the parties. In the process of arbitrations, the parties submit the dispute to one or more impartial arbitrators who are asked to make a binding decision on the merits of the dispute. The parties can agree to the arbitration process before or after the dispute arises as they can choose the arbitration with the permission of the court in between the court proceeding if b
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