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Mediation council: A key missing link in commercial dispute reforms

December 26, 2024

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Mint Chennai

Mid a growing policy push for mediation, legal practitioners have pushed for the urgent formation of a council comprising experts and policymakers to determine the rules and procedures involved in mediation.

- Manas Pimpalkhare

The idea of a mediation council isn't new. While the 2015 Commercial Courts Act created designated courts to resolve commercial disputes, with mediation playing a crucial role, the 2023 Mediation Act stipulated that a Mediation Council of India (MCI) would create the rules for mediation and give mediators authority.

The government planned to set up the Mediation Council of India—crucial to improving the ease of doing business in India—by the end of the year, as Mint reported on 25 June. But while certain aspects of the MCI, such as salaries, have been notified by the government, the council hasn't been established yet.

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TVS Supply Chain moves NCLAT

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TCS prepares to shield clients from cyberattacks

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New code to overhaul securities market rules

Bill to consolidate three laws, proposes stricter conflict norms for Sebi officials

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New unified code to overhaul securities market regulations

\"We have seen show-cause notices being issued five years after the violation happened.

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Sumitomo Realty bets on Mumbai

Japan’s Sumitomo Realty and Development, the country’s third-largest developer, plans to expand in India with an unusual strategy: focusing on Mumbai and managing apartments rather than selling them, executives told Reuters.

time to read

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