Explanation:

The National Labour Commission regarding the voluntary arbitration has observed that:“We are constrained to say that voluntary arbitration has not taken root in spite of the influential advocacy for it in different policy making forums. The factors which have contributed to the slow progress of arbitration are:

(i) easy availability of adjudication in case of failure of negotiations
(ii) dearth of suitable arbitrators who command the confidence of both parties
(iii) the absence of recognized unions which could bind the workers to a common agreement 
(iv) legal obstacles 
(v) the fact, that, in law, no appeal was competent against an arbitrator’s award 
(vi) the absence of a simplified procedure to be followed in voluntary arbitration 
(vii) cost to the parties, particularly to workers