Legally Bharat


Dr. Rajiv Mani, Law Secretary of the Legislative Department, speaking at ETLegalWorld’s 3rd Commercial Dispute Conclave shed light on the rapidly evolving dispute resolution landscape in India. He hinted at the legislative department working for compressing timelines for commercial courts.

As the nation positions itself as an attractive destination for international investments, bolstered by the Prime Minister’s recent diplomatic efforts, the importance of efficient dispute resolution mechanisms has come to the forefront.

Dr. Mani highlighted significant progress in commercial dispute resolution, noting a drastic reduction in resolution timelines within the current legal framework. He particularly commended the Delhi High Court’s application of the Commercial Courts Act, describing it as exemplary and setting a benchmark for other courts to aspire to.

Looking ahead, Dr. Mani revealed that major amendments to the Arbitration Act are in the work. These changes aim to further enhance the effectiveness of dispute resolution processes. Additionally, the Legislative Department is planning on issuance ofconsultation papers later this year. These initiatives are designed to spark discussions on necessary improvements in the sector.

The Law Secretary also touched upon the growing prominence of mediation as an alternative dispute resolution method. He noted a shift in the business environment towards more amicable dispute resolution practices, emphasizing the need for structured alternative dispute resolution mechanisms to alleviate the burden on the judiciary.

Dr. Mani spoke about the India International Arbitration Centre, which operates at arm’s length from the government. He expressed optimism that collaboration with this center could help restore public faith in arbitration processes.

Furthermore, he lauded arbitration as a hallmark of dispute resolution in India.

In his closing remarks, Dr. Mani expressed gratitude to the ET Legal World team for providing a platform to share views on reforming dispute resolution and litigation processes.

  • Published On Sep 6, 2024 at 02:34 PM IST

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