Mediation council: A key missing link in commercial dispute reforms
Mint New Delhi|December 26, 2024
The idea of a mediation council isn't new. While the 2015 Commercial Courts Act created designated courts to resolve commercial disputes, with mediation playing a crucial role, the 2023 Mediation Act stipulated that a Mediation Council of India (MCI) would create the rules for mediation and give mediators authority.
Manas Pimpalkhare

Mid a growing policy push for mediation, legal practitioners have pushed for the urgent formation of a council comprising experts and policymakers to determine the rules and procedures involved in mediation.

The government planned to set up the Mediation Council of India—crucial to improving the ease of doing business in India—by the end of the year, as Mint reported on 25 June. But while certain aspects of the MCI, such as salaries, have been notified by the government, the council hasn't been established yet.

Calls for the formation of a mediation council have grown louder following a proposed amendment to the Commercial Courts Act, which was published for public consultation on 8 November.

この記事は Mint New Delhi の December 26, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

この記事は Mint New Delhi の December 26, 2024 版に掲載されています。

7 日間の Magzter GOLD 無料トライアルを開始して、何千もの厳選されたプレミアム ストーリー、9,000 以上の雑誌や新聞にアクセスしてください。

MINT NEW DELHIのその他の記事すべて表示
Mint New Delhi

Services exports save the day for current account in Sep quarter

A rise in services exports helped narrow India's current account deficit (CAD) in the September quarter, although this marked the second consecutive quarterly deficit after hitting a surplus in the final three months of FY24.

time-read
1 min  |
December 28, 2024
Mint New Delhi

EVs at airports to cut emissions

Government plans to add EV charging infra to airports

time-read
2 分  |
December 28, 2024
Mint New Delhi

Sebi Issues Circular on Share Transfer

The circular provides clarity on the rules surrounding ownership transfers in intermediary cos

time-read
1 min  |
December 28, 2024
Mint New Delhi

UltraTech to acquire minority stake in Star Cement

Leading cement producer UltraTech Cement on Friday said it will acquire a minority stake of 8.69% from the promoters of Meghalaya-based Star Cement in a deal worth up to ₹851 crore.

time-read
1 min  |
December 28, 2024
Mint New Delhi

JSW Neo to acquire O2 Power; EQT and Temasek to exit

The transaction entails acquisition of O2 Power Midco Holdings and O2 Energy SG, and is subject to customary nods

time-read
1 min  |
December 28, 2024
Mint New Delhi

Rupee falls to record low as dollar bids spike

The rupee fell to an all-time low on Friday, as maturing non-deliverable forwards and currency futures boosted dollar demand, while the sharp fall led to panic dollar buying by importers.

time-read
1 min  |
December 28, 2024
Mint New Delhi

Escorts Kubota's ride is bumpy amid demand concerns

Escorts Kubota Ltd continues to grapple with the challenges of weak export volumes and subdued construction equipment demand.

time-read
2 分  |
December 28, 2024
Mint New Delhi

Rural-urban consumption gap shrinks in 2023-24

The monthly per capita consumption expenditure rose to ₹4,122 in rural areas and ₹6,996 in urban areas

time-read
1 min  |
December 28, 2024
Mint New Delhi

India's Textile Exports a Silver Lining as Trade Deficit Widens

Experts attribute this growth to govt policies, trade deals, and adoption of new technologies

time-read
3 分  |
December 28, 2024
Mint New Delhi

The Archetypical Insider Who Guided India Towards Its Economic Potential

During Singh's tenure at RBI, India embraced a more flexible exchange rate to promote exports

time-read
5 分  |
December 28, 2024