Jayesh ranjan, Vice-Chancellor of the Jawaharlal Nehru Technological University, Hyderabad

New Delhi, Dec 4 Chief Justice of India N.V. Ramana on Saturday said the business community should explore the alternate dispute resolution mechanism like mediation, conciliation, and arbitration to resolve disputes, rather than going to courts, which should be the last resort.Justice Ramana was speaking at the 'Stakeholders' Conclave' at the International Arbitration and Mediation Centre, Hyderabad. He said in business, differences of opinions should be initially sorted through a dialogue and if this doesn't work then parties should look for people who can resolve the issue by negotiation. He said: "If this also doesn't work, then the only option people consider is to go to courts. My advice, after participating in the legal profession for over 40 years in different capacities, is that you must keep the option of going to courts as a last resort".He added, "Use this last resort only after exploring the option of ADR (alternate dispute resolution) arbitration, mediation and conciliation. Arbitration and mediation are efforts at restoring a relationship".He said every day in our lives, "we face conflicts - be it between family members or in our business or professional life". Justice Ramana said nobody can imagine a world without conflicts. "Conflicts have a human face and it helps to be humane in our approach to resolve the same. One must have the foresight to look beyond the conflict", he said.He said the most important factor behind the resolution of any dispute is having the right attitude. "Justice Ramana cited various reasons for opting for mediation or arbitration over traditional litigation, saying its benefits are manifold: fewer delays, less expensive, greater party choice, more control, more comfortable and amicable environment for the parties etc.Justice Ramana said despite the presence of some arbitration centers in India, Indian parties that enter into an international arbitration agreement often opt for an arbitration centre outside India incurring huge expenses. "The setting up of this International Arbitration and Mediation Centre in Hyderabad will change this trend in India. This Centre is being established with the best infrastructure and the empanelling of internationally acclaimed arbitrators and mediators", he added.Justice Ramana said the great Indian epic, the Mahabharata, provides an example of an early attempt at mediation as a conflict resolution tool, where Lord Krishna attempted to mediate the dispute between the Pandavas and Kauravas. Justice Ramana said: "It may be worthwhile to recall that the failure of mediation led to disastrous consequences".Disclaimer: This post has been auto-published from an agency feed without any modifications to the text and has not been reviewed by an editor

Jayesh RanjanFOLLOW

Jayesh ranjan, Latest News

Large Infrastructure Projects and modern High-rise buildings are built with reinforced concrete frameworks which require Steel of higher tensile strength and ductility. ...

Amid rising 'Omicron' threat, cases of the new variant of coronavirus might increase between January and February in Telangana, said State Director of Public Health and Family Welfare Srinivas Rao on Sunday. ...

Amid rising 'Omicron' threat, cases of the new variant of coronavirus might increase between January and February in Telangana, said State Director of Public Health and Family Welfare Srinivas Rao on Sunday. ...

Gattipally Shivpal, who hails from Hyderabad, has become the first dwarf in the country to obtain a driver's license. ...

Hyderabad, Dec 5 India needs to have its own data of heart diseases to amalgamate the same with ... ...

Hyderabad, Dec 4 The trailer of Ram Charan and Jr NTR-starrer 'RRR' is all set to be launched ... ...

Hyderabad, Dec 4 Telugu star Balakrishna 'Akhanda' hit the screens on Thursday and the movie has already grossed ... ...

New Delhi, Dec 4 Chief Justice of India N.V. Ramana on Saturday said the business community should explore ... ...