INBRIEF

SCOPE for Faster Redressal of Arbitration in PSUs

SCOPE Forum of Conciliation & Arbitration (SFCA) organised an Interactive Seminar on Arbitration & Insolvency Code “Challenges & Options” here on Monday. Justice Swatanter Kumar, Former Judge, Supreme Court & Former Chairperson NGT and the Chief Guest inaugurated the Seminar. UD Choubey, Director General, SCOPE, Shourav Lahiri, Founder-Director, Lahiri LCC (Singapore), SB Mitra, ED(Law & HR), GAIL and HS Rajpal, GM (CA), IOCL also addressed the inaugural session. Welcoming the participants, UD Choubey said that number of litigations amongst Public Sector is huge and the time taken by the judiciary is also a matter of concern. Welcoming the new Insolvency & Bankruptcy Code (IBC), Choubey said that IBC is probably one of the biggest reform done by Government of India in fastest possible time. He said that it is a welcome move by the government to ease the pressure on creditors & companies and also help in quickly resolving the pending cases.