professional arbitrators for mediation and conciliation and arbitration- retired judges, judicial officers etc.

Arbitration is one the relevant method of settlement of disputes, rather than longing in courts in long queue. The firms and companies can invoke arbitration clauses in their daily contracts and in the event of dispute, they can start proceedings through arbitrator. The award of an arbitrator is having same footing of that of a decree of civil court. The remaining proceedings is only for filing execution on the basis of the award of the arbitrator.