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Read more > Distribution of Coal in India
Read more > Illegal coal minings
Read more > Mediation Bill of 2023
Feature | Arbitration | Mediation |
Role of Third Party | Decides the dispute | Facilitates negotiation |
Decision-making | Imposes a binding decision | Parties reach a mutually agreed solution |
Process | Formal and adversarial | Informal and collaborative |
Control | Parties have less control over the outcome | Parties retain control over the outcome |
Outcome | Legally binding | Settlement agreement |
Speed | Generally slower than mediation | Can be faster than arbitration |
Cost | Typically more expensive than mediation | Generally less expensive than arbitration |
Confidentiality | Generally confidential | Highly Confidential |
Flexibility | Less flexible | More flexible |
Appealability | Limited appeal rights | No appeal rights |
Read more> Why Arbitration is Preferable?
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Performance Assessment, Review, and Analysis of Knowledge for Holistic Development. (PARAKH)
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Constitutional Provisions
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