Indian ADR system is based on the Common law system

Related MCQs

• ADR techniques include arbitration, conciliation, mediation and negotiation.
• “Court procedure is justice-oriented, whereas ADR’s merit also lies in the fact that the process is participatory and solution-oriented”.
• In Shakuntla Sawhney v. Kaushalaya Sawhney,[(1979) 3 SCR 232]the Supreme Court has observed that “Finest hour of justice is the hour of compromise when parties after burying the hatchet, re-unite by a reasonable and just compromise” Whether this principle has been reflected in the ADR procedures mentioned in the Arbitration and Conciliation Act 1996?
• Bargaining is a common feature of the negotiation process.
• In India, the law regulating the Negotiable instruments are
• The paying banker should pay the cheque when there is restriction imposed on the payment by the drawer or by the law.
• In case of an Indian banking company, the sum of its paid-up capital and reserves if it has places of business in more than one State shall not be less than