International arbitration centre in Hyderabad on December 18: CJI NV Ramana

HYDERABAD: Stating that all prudent people will leave aside egos and embrace practicality if a quick and effective dispute resolution platform is provided, Chief Justice of India NV Ramana on Saturday announced India’s first International Arbitration and Mediation Centre (IAMC) would be inaugurated in Hyderabad on December 18.
It would become functional from a highrise building in Nanakramguda. A curtain-raiser event was organised at HICC. Chief minister K Chandrasekhar Rao hoped the emergence of IAMC would make India overcome its image of lagging behind in enforcement of contracts on account of problems like lack of sufficient judges to resolve disputes quickly. He thanked CJI for choosing Hyderabad for the facility. KCR said the international facility would receive full support from state, Centre and other Asian nations.
Making it clear that it was impossible to clear four crore backlog cases, Justice L Nageswara Rao of the Supreme Court called for alternative dispute resolution mode. “The time is ripe now because the Centre amended arbitration laws in 2019 and 2021,” Justice Rao said.
CJI Ramana promised IAMC will not confine itself to settling commercial disputes, but look at disputes of ordinary people. “Anyone with common sense and a good reputation in society can become a mediator and we will ensure such eminent persons act as judges at Hyderabad centre,” Justice Ramana said. Former judge of Supreme Court Justice RV Raveendran said Indian must get rid of laying claims bigger than their real entitlements. Telangana HC Chief Justice Satish Chandra Sharma said centre would function in a autonomous way.