The campaign by the National Legal Services Authority (NALSA) and the Supreme Court’s Mediation & Conciliation Project Committee (MCPC) aims to amicably settle at least two lakh cases before it concludes on 30 September.
Terming them 'criminal wastage' of judicial time, SC tells courts to invoke suo motu powers in cases where legal firms or counsel design arbitration clauses that deliberately misguide.
The India International Arbitration Centre chairman believes process of arbitration needs to be institutionalised so arbitrations become effective alternative dispute redressal mechanism.
It is not clear whether the arbitration route has reduced the propensity of the government, or the private entity for that matter to litigate once it loses its case.
Central bank communication now holds as much significance as central bank action. A single clause in a press conference can move markets more than a 25-basis-point adjustment.
Order for 87 MALE drones will be split between 2 Indian firms in 64:36 ratio to ensure there are 2 independent manufacturing lines with at least 60% indigenous components.
The India-South Africa series-defining fact is the catastrophic decline of Indian red ball cricket where a visiting team can mock us with the 'grovel' word.
COMMENTS