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According to a Construction Industry Development Council (CIDC) Survey, Rs.1,35,000 crores remains blocked in the construction sector over disputes. This is huge amount which if released back in the economy will have a very high impact on the financial requirement of the construction sector. The general prevalent and popular mode of Alternate dispute resolution methods is arbitration. Since Arbitration is believed to be the one of the speedier machinery for resolving disputes compared to the litigation resolved by Court. The intention of the Arbitration and Conciliation Act was to provide a platform for speedier resolution of the commercial disputes. However there is considerable delay
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