“The power of mediation is underestimated and it has deep roots in ancient India and Indian society,” said NV Ramana, former chief justice of India’s Supreme Court.
Published Date – 03:15 PM, Sunday – 4/16/23
Hyderabad: The International Arbitration and Mediation Center (IAMC) in Hyderabad organized the inaugural India Mediation Day in Hyderabad.
Addressing the rally, former Chief Justice of the Supreme Court of India, Justice NV Ramana, said that with about 22 and a half years of judicial experience, he can say that the ability to resolve disputes faster will help the country in its development. “The world today has realized that arbitration and mediation is one of the most powerful tools for resolving disputes. The power of mediation is underestimated and it is deeply rooted in ancient India and Indian society,” he said.
The program was attended by Telangana High Court judges, arbitrators, senior lawyers, senior business leaders from various industries, legal practitioners and law students who witnessed three sessions on the relevance of mediation in cross-border disputes Panel Discussion, India is an Emerging Institutional Mediation Center and IAMC, Hyderabad Mediation Roadmap, 2025.
Judge L. Nageswara Rao, a former judge of the Supreme Court of India, introduced to the participants that the IAMC Hyderabad Center has been managing 33 cases since its establishment, 10 of which were handled by arbitration and 23 by mediation. The disputes are worth $700 million, he said.
Justice Hima Kohli of the Supreme Court of India referred to the comprehensive use of ADR in ancient and medieval India, which emphasized the importance of peaceful and consensual resolution of disputes in contemporary India. During 2021-22, India will resolve 53,000 cases through mediation. India has 464 ADR centres, 570 mediation centers and 16,565 mediators by 2021-22, she said.
Justice RV Raveendran, a former Supreme Court judge of India, said that during mediation, parties are willing to resolve disputes within a few days, thereby avoiding high costs. In cross-border disputes, time is of the essence for these people, which is why mediation is on the rise, said George Lim, senior legal adviser and chairman of the Singapore International Mediation Centre.
