ISSN (Print) - 0012-9976 | ISSN (Online) - 2349-8846

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Resolving Business Disputes Speedily

The delay associated with the judicial system in India, particularly at the lower level of the judiciary, has prompted commentators to declare that the system itself has collapsed. Peaceful, speedy and efficacious settlement of business disputes is essential for any business to prosper. Though arbitration, mediation and conciliation are now commonly used to resolve business disputes, the limitations of these methods are prompting the business community to try another option, online dispute resolution.

O n his recent visit to India, Timothy Adams, the US treasury under secretary for international affairs, mentioned that the US businessmen were bullish on India but added that they were worried about the pace of the countrys dispute redressal system.1

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