Ambiguous Arbitration Clause may not be binding on the parties

In India, arbitration has become a prominent alternative dispute resolution (ADR) tool that provides parties with a confidential, effective, and adaptable way to settle disagreements outside of the conventional court system. With its roots in Latin, arbitration is the procedure by which disputing parties willingly submit their dispute to an impartial third party, known as the arbitrator, whose ruling - known as an arbitral award - is legally enforceable on all parties.