Arbitration and Conciliation.

What is Arbitration ?

 Persons  subject to arbitration:-

 Two or more persons orparties may submit to the arbitration of one or more arbitrators any controversyexisting between them at the time of the submission and which may be the subject of an action, or the parties to any contract may in such contract agree to settle byarbitration a controversy thereafter arising between them. Such submission or contractshall be valid, enforceable and irrevocable, save upon such grounds as exist at law forthe revocation of any contract.Such submission or contract may include question arising out of valuations, appraisals orother controversies which may be collateral, incidental, precedent or subsequent to anyissue between the parties.A controversy cannot be arbitrated where one of the parties to the controversy is aninfant, or a person judicially declared to be incompetent, unless the appropriate courthaving jurisdiction approve a petition for permission to submit such controversy toarbitration made by the general guardian or guardian ad litem of the infant or of theincompetent. | But where a person capable of entering into a submission or contracthas knowingly entered into the same with a person incapable of so doing, the objectionon the ground of incapacity can be taken only in behalf of the  person so incapacitated.

What is Conciliation ?

Simplest meaning of Conciliation is the settlement of the disputes outside the court. It is a process by which the discussion between the parties are kept going through the participation of a conciliator.

2- Conciliation is one of the non binding procedures where an impartial third party, known as the conciliator, assist the parties to a dispute in reaching a mutually agreed settlement of the dispute.

3- As per the Halsbury Laws of England, Conciliation is a process of persuading parties to each an agreement. Because of it's non judicial character, Conciliation is considered to be fundamentally different from that of litigation. Generally judges and Arbitrators decide the case in the form of a judgment or an award which is binding on the parties while in the procedure of the Conciliation who is often a government official gives its report in the form of recommendations which is made public.