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.
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.
Bu hikaye Mint Mumbai dergisinin December 26, 2024 sayısından alınmıştır.
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Bu hikaye Mint Mumbai dergisinin December 26, 2024 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
KKR to lead Leap India's 535 crore funding
Leap India Pvt. Ltd, a storage and supply chain services provider that is majority-owned by private equity firm KKR, is raising ₹535 crore (around $62.7 million) in its latest funding round led by KKR, along with participation from Sixth Sense, First Bridge India, Madhurima International and Niveshaay Sambhav Fund, as well as a few angel investors.
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