AFCONS INFRASTRUCTURE LTD. V. CHERIAN VARKEY CONSTURCTION CO. (P) LTD., S.C. 2010
Arbitration was referred to as a means of ADR is undertaken on account a prior agreement between parties to resolve disputes by arbitration or by filing an application/joint memo before the court, the latter occurs in the case of no arbitration agreement beforehand. The award of the Arbitrator, the presiding officer, is binding as a decree of the court or any settlement arrived at by parties during arbitration proceedings shall also have the same effect.