|Chief Justice of India N. V. Ramana today said that approaching a court should be the last resort in dispute redressal. He suggested that solutions can be arrived at through arbitration and mediation which will save time and money. Speaking at the Curtain Raiser and Stakeholders’ Conclave of the International Arbitration and Mediation Centre, in Hyderabad this morning, the Chief Justice said, Hyderabad is the right place to set up an International Arbitration Centre.
He said, finding a mutually acceptable solution through extensive consultations gained importance, especially in the wake of increasing economic activity and commerce in various sectors. He suggested disputes about anything including family matters can be resolved amicably through arbitration and mediation as much as possible.
Referring to Mahabharat, the Chief Justice said the first Arbitration was mentioned in the epic. The International Arbitration and Mediation Centre will formally be launched in Hyderabad on 18th of this month.
Supreme Court Judge Justice L. Nageshwara Rao in his Keynote address said, over four crore cases are pending in different courts at different levels.
Chief Minister K. Chandrasekhar Rao and several Justices of Supreme Court and the High Court, Advocates and other stakeholders have attended the conclave.