CORD FAQs | Arbitration | Mediation | ODR
Frequently Asked Questions
Everything your business needs to know about resolving disputes smarter, faster, and confidentially.
CORD (Centre for Online Resolution of Disputes) is India's trusted platform for online arbitration and mediation. Browse our FAQs to understand what CORD is, how ODR works, and how it can protect your business — saving time and reducing dispute resolution costs.
All FAQs
Legal validity, process timelines, confidentiality, costs, contract clauses, and enforcement.
What is CORD?+
CORD — Centre for Online Resolution of Disputes — is a neutral, independent Online Dispute Resolution (ODR) institution incorporated under Indian law and operated by Nomology Technology Private Limited. We administer arbitration, mediation, and conciliation proceedings entirely online, and are empanelled by SEBI under the SmartODR framework for securities market disputes at NSE and NCDEX. CORD combines rigorous legal processes, certified neutrals, and purpose-built technology to deliver fair, time-bound, and enforceable outcomes.
What is ODR (Online Dispute Resolution)?+
ODR — Online Dispute Resolution — is the use of digital technology to resolve disputes without physical hearings or court appearances. Proceedings are conducted through secure video conferencing, digital document exchange, and electronic communication. ODR encompasses arbitration, mediation, conciliation, and negotiation — all conducted online. It is accessible from anywhere in India or internationally, removing barriers of geography, cost, and time that make traditional litigation inaccessible to many.
What is the difference between arbitration, mediation, and conciliation?+
Arbitration is a binding process where an independent arbitrator hears both sides and issues a final, enforceable award — similar to a court judgment. Mediation is a voluntary process where a neutral mediator facilitates dialogue to help parties reach a mutually acceptable settlement. Conciliation is similar to mediation but the conciliator may actively propose settlement terms. Negotiation is the most direct process — parties exchange proposals and reach agreement entirely on their own terms, supported by a CORD case manager and platform but without any third-party decision-maker. CORD administers all four processes; the right choice depends on the nature of your dispute, your relationship with the other party, and what your contract provides for.
What is online arbitration?+
Online arbitration is arbitration conducted entirely through digital means — filing, pleadings, hearings, evidence, and award delivery all take place through a secure online platform. It carries the same legal force as traditional arbitration conducted in person. Under the Arbitration and Conciliation Act, 1996, an arbitral award passed through CORD is binding on the parties and enforceable as a decree of court.
What is online mediation?+
Online mediation is a voluntary, structured negotiation process facilitated by a trained, neutral mediator — conducted through video conferencing and digital communication. The mediator does not decide the outcome; instead, they help the parties identify common ground and reach a settlement they both agree to. A settlement agreement reached through CORD mediation is binding on the parties as a contract and can be made into an order of court under applicable law.
What is online negotiation?+
Online negotiation at CORD is a structured, party-driven process where disputing parties — individuals, businesses, or a combination — exchange proposals and work toward a mutually agreed resolution, entirely online. Unlike arbitration or mediation, there is no arbitrator or mediator making or imposing a decision; the parties retain full control of the outcome. What makes CORD negotiation distinctive is the combination of a dedicated case manager and a secure digital platform. The case manager facilitates the process — scheduling sessions, coordinating the exchange of proposals and documents, and keeping both sides engaged — while the platform provides a structured, confidential environment for all communications. A settlement reached through CORD negotiation is recorded in a written agreement that is legally enforceable as a contract between the parties.
Why use CORD for negotiation rather than negotiating directly?+
Unassisted negotiation often stalls — not because parties lack willingness, but because they lack structure. When negotiation is facilitated by an independent, reputable institution like CORD, both parties enter the process with greater confidence. The neutral platform, clear rules, and case manager oversight reduce posturing, keep communications productive, and significantly increase the likelihood of reaching a settlement. CORD negotiation works for individuals negotiating with individuals, businesses negotiating with businesses, and businesses negotiating with individuals — providing institutional balance regardless of the power dynamic between parties.
Who is CORD?+
CORD (Centre for Online Resolution of Disputes) is a neutral and independent institution that helps individuals and businesses resolve disputes entirely online. We provide a secure platform, dedicated case managers, and certified neutrals to deliver fair, time-bound outcomes through legally recognized processes like arbitration, mediation, and negotiation.
What is ODR?+
ODR stands for Online Dispute Resolution, which means resolving legal disputes digitally through video conferencing, secure document exchange, and electronic communication. No travel, no courtrooms, and no delays. It is accessible from anywhere in the world, at any time.
Is ODR legally recognised in India? Are outcomes enforceable?+
Yes. ODR is fully valid under Indian law. Arbitration and conciliation conducted online are governed by the Arbitration and Conciliation Act, 1996. An arbitral award passed through CORD has the same legal force as a court decree and is enforceable through execution proceedings if the other party does not comply. Mediation settlements can be recorded as consent orders of court. SEBI has additionally recognised ODR for securities market disputes through the SmartODR framework.
Are CORD arbitral awards enforceable in courts?+
Yes. Every arbitral award passed by CORD is final and binding on the parties under Section 35 of the Arbitration and Conciliation Act, 1996. If the losing party fails to honour the award, the winning party can file an execution petition before the appropriate court to enforce it as a court decree. CORD has a 100% track record — no CORD award has ever been set aside by a court.
What is the SEBI SmartODR framework?+
SEBI (Securities and Exchange Board of India) launched the SmartODR portal to enable investors to resolve disputes with SEBI-registered entities — including listed companies, brokers, depository participants, and mutual funds — online. CORD is an empanelled ODR institution under SmartODR and administers conciliation and arbitration proceedings for disputes at NSE and NCDEX. Investors can initiate proceedings at smartodr.in.
Can individuals (not just companies) use CORD?+
Yes. CORD is open to everyone, including individual consumers, employees, residents, and businesses of all sizes.
Do I need to visit an office or appear in court?+
No. The process happens online through virtual hearings and digital submissions. You can participate from your office, home, or anywhere in the world.
How quickly can a dispute be resolved?+
Mediation and conciliation can conclude in days to weeks. Arbitration is also significantly quicker than conventional legal proceedings, helping businesses move forward faster.
Who are the neutrals at CORD?+
CORD's panel includes trained, certified mediators, arbitrators, and conciliators with diverse domain expertise. Neutrals are empanelled to handle disputes with impartiality, skill, and efficiency.
Why should my business choose ODR over going to court?+
Compared with traditional litigation, ODR is typically faster, more affordable, more confidential, and less disruptive to business operations and relationships.
How do I integrate CORD into my business contracts?+
Add a CORD dispute resolution clause to your contracts, vendor agreements, employment letters, or terms of service. This creates a reliable, pre-agreed pathway to resolve disputes through CORD.
How much does it cost to resolve a dispute through CORD?+
Fees depend on the nature and value of the dispute and are generally a fraction of litigation costs. CORD provides a transparent fee schedule tailored to your requirements.
Are there hidden costs?+
No. CORD's fee structure is transparent and disclosed upfront before the process begins.
Can I add a CORD clause to existing contracts?+
Yes. For existing contracts, parties can sign a separate submission agreement agreeing to use CORD for future disputes.
Can my lawyer represent us during the CORD process?+
Yes. Legal representation is not mandatory, but parties are fully entitled to have counsel throughout the process.
What if the other party refuses to participate?+
If your contract includes a CORD clause, refusal may amount to breach of contract and can entitle you to pursue further legal remedies.
Will details of our dispute become public?+
No. CORD processes are confidential. Dispute details, proceedings, and outcomes remain private.
If we win, can we actually recover what we are owed?+
Yes. A CORD arbitral award is legally binding and enforceable under the Arbitration and Conciliation Act, 1996.
Can we request interim relief while the dispute is ongoing?+
Yes. Parties can approach courts for interim measures under the Arbitration and Conciliation Act, 1996, while arbitration proceedings are underway.
What if our client insists on court jurisdiction in the contract?+
You can negotiate and propose CORD by highlighting key benefits: speed, confidentiality, and lower cost compared to litigation.
Can CORD handle high-value commercial disputes?+
Yes. CORD handles disputes across a broad spectrum, from small claims to high-value commercial matters, with process and neutral selection calibrated to dispute complexity and value.
Ready to protect your business?
Add a CORD clause to your next contract and resolve disputes in days, not years.