The present research paper seeks to examine some knotty issues pertaining to the Arbitration and Conciliation Act 1996 in the light of Need of Permanent ADR Forums, Amalgamation Of Judicial System, Role of Courts in ADR Promotion, Objective & Scheme of the Act, Preamble of the Act, Application of the Act, Date of Enforcement of the Act, Minimization of Supervisory Role of Courts, Both Domestic & International Arbitration, Use of Statement of Objects and Reasons and Interpretation of Act. The legislative and judicial trends have also been examined in the conceptual and applied aspects.