Hyd International Arbitration Centre will help domestic investors settle disputes quickly: CJI
Mr. Ramana was speaking at an event organized at the residence of the Chief Justice of Telangana High Court, Hima Kohli, where a trust deed was registered for the International Arbitration and Mediation Centre.
By Newsmeter Network Published on 20 Aug 2021 2:10 PM GMT
Hyderabad: Chief Justice of India N.V Ramana on Friday said the proposed International Arbitration and Mediation Centre in Hyderabad would help not only investors abroad but also those from the country in settling their disputes quickly.
Stating that the centre will have expert members to resolve the disputes, Mr. Ramana encouraged people to participate in the arbitration movement "to enable us to dissolve the dispute and strengthen the judiciary". He added, "This is not a centre where we decide on international arbitration only. It'll also decide domestic arbitration and dispute between local investors."
Mr. Ramana was speaking at an event organized at the residence of the Chief Justice of Telangana High Court, Hima Kohli, where a trust deed was registered for the International Arbitration and Mediation Centre.
Thanking Chief Minister K. Chandrashekar Rao and Chief Justice Hima Kohli for making his dream come true within three months of him assuming the office of the Chief Justice of India, Mr. Ramana recalled asking Chief Justice Kohli to set up an international arbitration centre in Hyderabad. Within no time, the Chief Justice had responded to his request and sent a detailed letter indicating the need to set up an international arbitration centre in the city, he said.
"I came to Hyderabad in June after taking oath as the Chief Justice of India. I told the Chief Justice why don't you consider the proposal to set up an international arbitration centre in Hyderabad. Within no time she responded and sent a detailed letter indicating the need for an international arbitration centre on 30 June," the CJI added.
