Arbitration is a private dispute resolution process where the parties to a dispute agree to submit their conflict to one or more Arbitrators, who make a binding decision (Award) on the matter. The process is similar to a court trial but is quicker, cost effective and more flexible. Under Indian Law, Arbitration is governed by the Arbitration and Conciliation Act, 1996 (As amended upto date). Arbitration offers a flexible, efficient, and cost-effective alternative to litigation, providing significant benefits to society by enhancing access to justice, reducing the strain on courts, and fostering a more harmonious and economically stable environment.