Explanation:

ADR Mechanism

Arbitration: Arbitration is the process of hearing and determining of a dispute between partiesby persons chosen or agreed to by them. The object of arbitration is to obtain the fair resolutionof disputes by an impartial tribunal without unnecessary delay and expense.

Conciliation: Conciliation is the process of facilitating an amicable settlement between the parties.Unlike the Arbitration there is no determination of a dispute. There need not be a prior agreementand it cannot be forced on a party not intending for conciliation.

Mediation: Mediation aims to assist two (or more) disputants in reaching an agreement. Theparties themselves determine the conditions of any settlements reached— rather than acceptingsomething imposed by a third party.