Madras High Court Judge N. Anand Venkatesh stated that arbitration is the most effective dispute resolution mechanism for commercial disputes, evolving from an alternative to a primary method. He highlighted its efficiency compared to traditional litigation, crucial for business investments. Venkatesh emphasized the need for clear arbitration clauses in agreements, including pre-arbitration negotiation and mediation, and suggested a mindset shift to embrace arbitration, particularly in regions like Coimbatore where it is less familiar.