JUSTICE SIKRI SEEKS INSTITUTIONAL SUPPORT FOR ARBITRATION CENTRES AT PHD CHAMBER

Justice A K Sikri, Judge, Supreme Court of India on Monday emphasised the need for having a robust Arbitration, Mediation and Conciliation Centre with support from government, judiciary and other stakeholders to make the Centre effective and meaningful to accomplish the intended purpose of disputes resolution.

Launching the PHD Chamber’s Arbitration, Mediation and Conciliation Centre here today, Justice Sikri pointed out that hundreds of such centres exist worldwide though, the PHD Chamber should aim to make this centre acquire an international standard.

In his observations, Justice S Ravindra Bhat, Judge, High Court of Delhi emphasized that the PHD led Arbitration, Mediation and Conciliation Centre should have professionals, chartered accountants and legal luminaries that are active, proficient and effective in their delivery.  Justice Bhat made several recommendations on how the centre could be run to build credibility and expertise.

Both Justice Sikri and Justice Bhat emphasized the importance of making mediation mandatory prior to commercial arbitrations.

In their remarks, President, PHD Chamber, Mr. Gopal Jiwarajka including and its Sr. Vice President, Mr. Anil Khaitan jointly sought that the mechanism of arbitration and mediation in the Chamber would be able to provide for cost and time effective dispute resolution as both these matter a great deal for industry, especially in the MSME segment.

Among others who spoke on the occasion were Dr. Aman Hingorani; Advocate, and Mediator, Supreme Court of India; Mr. Kirit S Javali; Advocate; Ms. Priya Hingorani, Chairperson of Taskforce on Arbitration, Mediation and Conciliation Centre, PHD Chamber and Secretary General of the Chamber, Mr. Saurabh Sanyal.