CJI emphasises on arbitration to resolve disputes

Chief Justice of India N.V. Ramana on Friday emphasised on the need for arbitration, mediation, and conciliation, saying investors want ease of doing business and the proposed International Arbitration and Mediation Centre in Hyderabad would go a long way in helping both domestic and foreign investors in settling their disputes as early as possible. A trust deed has been registered for the proposed arbitration center in Hyderabad.

“It is a burden once you come to the court… how many years it takes and of course, hierarchy starting from civil courts to Supreme Court. How many years it takes… we have eminent arbitrators in this country, some of the international arbitrators, who are world famous, also willing to participate in this arbitration centre,” Chief Justice Ramana said. He noted that in the Indian culture, all our disputes are sorted through mediation, negotiation and conciliation. Chief Justice Ramana said dispute resolution would cost less for investors in India, unlike other international arbitration centres spread across the world. He said that the proposed centre would not exclusively decide international arbitration, but it will also help the domestic investors too. He added most of the investors seek to first avoid litigation, and if it became inevitable, they want an early resolution on their dispute.