Kavya Arora, Aryaman Kaushik Introduction Gradually over the years, the Arbitration and Conciliation Act, 1996 ('1996 Act') has developed substantially, which has resulted in less interference by the courts. It has provided for a friendlier and independent body, which lays down its effective rules and regulations. Because of this, the methods of alternative dispute resolution have gained much popularity in the commercial and the business sectors. Most of the parties associate