ODR uses technology to facilitate the dispute resolution / adjudication through methods such as negotiation, mediation, conciliation, and arbitration.
🔗 The dispute resolution through ODR Mechanism is recognized by the Ministry of Law and categorised as Emergency Arbitration.
✍️ The need for physical appearance eliminates numerous costs as compared to physical ADR and litigation proceedings. ODR is cost effective.
🖇️ The timeframe to adjudicate and resolve dispute is commonly between 45 to 90 days. Hence, the dispute resolution via ODR is comparatively time effective.
⚖️ Moreover, unlike physical #arbitration, the Arbitrator / Mediator /Conciliator can adjudicate many numbers of cases for the same parties.
Some of the ODR platforms in India:
1. CADRE
2. PRESOLVE360
3. SAMA
4. SmartODR, etc
𝑻𝒉𝒆 𝒔𝒎𝒂𝒍𝒍 𝒗𝒂𝒍𝒖𝒆 𝒅𝒊𝒔𝒑𝒖𝒕𝒆𝒔 𝒘𝒉𝒊𝒄𝒉 𝒂𝒓𝒆 𝒏𝒖𝒎𝒆𝒓𝒐𝒖𝒔 𝒊𝒏 𝑰𝒏𝒅𝒊𝒂 𝒄𝒐𝒖𝒍𝒅 𝒃𝒆 𝒓𝒆𝒔𝒐𝒍𝒗𝒆𝒅 𝒃𝒚 𝒊𝒏𝒄𝒐𝒓𝒑𝒐𝒓𝒂𝒕𝒊𝒏𝒈 𝑶𝑫𝑹 𝒊𝒏 𝒕𝒉𝒆 𝒅𝒊𝒔𝒑𝒖𝒕𝒆 𝒓𝒆𝒔𝒐𝒍𝒖𝒕𝒊𝒐𝒏 𝒄𝒍𝒂𝒖𝒔𝒆 𝒐𝒇 𝒕𝒉𝒆 𝑪𝒐𝒏𝒕𝒓𝒂𝒄𝒕𝒔.
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