Dear Editor,
I thought the article on dispute resolution (Deadlock) in last month’s issue of India Business Law Journal conveyed a more than necessarily negative impression of arbitration in India – almost like sounding its death knell. Despite its many shortcomings, arbitration continues to be the most effective form of dispute resolution in India, particularly in matters involving an extensive trial, like those arising out of construction contracts or software development agreements. The process of recording of evidence can be completed within a period of a few months, as compared to the many years that could be consumed by the courts for the same process.
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