With the emergence of new technologies and Internet based applications, the conducting of business has also undergone a major change. Keeping this in the forefront, the Center has developed a colossal platform for resolving and administering disputes.
When different business houses undertake different business transactions, they certainly have good intentions to carry out their trade deals faithfully and smoothly to earn a well- deserved profit. However, it is matter of common experience that in spite of best efforts, disputes do arise during performance of business contracts and they arise for various reasons. Unresolved disputes tend to upset the smooth performance and successful completion of business contracts and may, therefore, render an otherwise profitable transaction into a probable loss. Therefore it is necessary for carrying on business transactions smoothly and profitably that the area of disputes during performance of contracts is narrowed down and provision is made for amicable and quick settlement of disputes that may still arise.
Since, Court proceedings do not offer a satisfactory method for settlement of commercial disputes as it involves inevitable delays, costs and technicalities. On the other hand arbitration provides an economic, expeditious and informal remedy for settlement of commercial disputes. Proceedings in Courts also involve notoriety and expose the Internal and private affairs of the parties to public. Arbitration proceedings are conducted in privacy and the awards are kept confidential. The arbitrator is usually an expert in the subject matters of the dispute. The dates for arbitration meetings are fixed with the convenience of all concerned. Therefore, arbitration is the most suitable way for settlement of commercial disputes and it must invariably be used by all businesses in their commercial dealings.
Arbitration under the Rules of procedure of an arbitral Institution provides several advantages and helps in quicker disposal of cases. The professional experience and expertise available with an arbitral institution facilitates economic and expeditious conduct of arbitrations and adds to the certainly and finality of the proceedings. The National Arbitration Center (NAC) being a specialized arbitration Institution provides arbitration facilities for all types of domestic and International commercial disputes. The parties are, therefore, advised to use the Institutional arbitration facilities under the auspices of NAC.
National Arbitration Center for International and domestic Arbitration and Alternate Dispute Resolution offers you the following services for the resolution of international & domestic commercial disputes between private parties.
- Domestic Arbitration
- International Commercial Arbitration
- Mediation
- Reconciliation
This center allows amicable place for settlement of disputes within stipulated time period for the resolution, allowing convenience and expediency in resolving the disputes among the parties located at different places including Delhi, Gurgaon, Mumbai, Hyderabad, Bangalore, Kolkota and several other centers coming up at different locations across the country and overseas.
To settle the disputes, the Center has on its panel eminent persons from various fields and expertise and countries. This list includes distinguished Rtd. Chief Justices, retired judges of Supreme Court of India and abroad and of various High Courts, prominent senior advocates, barristers, attorneys, and experts in various fields such as e-commerce, domain name disputes, engineering, banking, insurance, software, medicine, architecture, management, commercial contracts and intellectual property etc. conducting domestic as well as International commercial Arbitration for settlement of disputes related to any matter between two or more parties through arbitration, mediation and reconciliation.
As an institutional arbitration for providing arbitration and mediation services, the intervention of the centre shall be helpful in resolving the dispute (domestic/international) within the stipulated timeframe.