Facebook Pixel Mediation council: A key missing link in commercial dispute reforms | Mint New Delhi - newspaper - Les denne historien på Magzter.com

Prøve GULL - Gratis

Mediation council: A key missing link in commercial dispute reforms

Mint New Delhi

|

December 26, 2024

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.

- Manas Pimpalkhare

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.

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.

Calls for the formation of a mediation council have grown louder following a proposed amendment to the Commercial Courts Act, which was published for public consultation on 8 November.

FLERE HISTORIER FRA Mint New Delhi

Mint New Delhi

Can Muthoot continue FY26 surge?

Muthoot Finance's shares fell 6% on Friday, though its Q4FY26 net profit more than doubled year-on-year (y-o-y) to ₹3,080 crore, and FY26 profit increased by 93% to ₹10,134 crore.

time to read

2 mins

May 18, 2026

Mint New Delhi

Sattva deepens premium hospitality push

Real estate developer Sattva Group plans to expand its hospitality business amid rising travel demand and higher consumer spending on premium experiences.

time to read

2 mins

May 18, 2026

Mint New Delhi

India needs austerity for the rich and security for the vulnerable

The middle class and poor mustn't bear the brunt of this national drive while the privileged continue with extravagance

time to read

3 mins

May 18, 2026

Mint New Delhi

Monsoon advances towards Kerala

India’s weather office on Sunday said conditions are turning favourable for the further advance of the south-west monsoon over parts of the south-east Arabian Sea, south-west and south-east Bay of Bengal, the remaining areas of the Andaman Islands and Andaman Sea, and parts of the east-central Bay of Bengal over the next two to three days, even as large parts of north and central India brace for intensifying heatwave conditions.

time to read

1 min

May 18, 2026

Mint New Delhi

Mint New Delhi

India, Netherlands ink 17 pacts, elevate ties

Driven by shifting global geopolitics, India and the Netherlands elevated their ties to a strategic partnership and inked 17 agreements to boost cooperation in defence, critical minerals and other key sectors during talks between Prime Minister Narendra Modi and his Dutch counterpart Rob Jetten.

time to read

1 min

May 18, 2026

Mint New Delhi

Despite promoter backup, Vi still has a funding gap

Vodafone Idea showed early signs of improvement in Q4 FY26, with its subscriber base stabilising and average revenue per user (Arpu) improving.

time to read

2 mins

May 18, 2026

Mint New Delhi

ICEYE chooses India for first Asia-Pacific satellite hub

ICEYE, a global leader in space-based intelligence, is set to establish its first Indian production facility within the next year to manufacture small satellites for defence, surveillance and environmental monitoring.

time to read

1 mins

May 18, 2026

Mint New Delhi

Chemical fertilizer cutbacks could aid Indian exports

Chemical fertilizers in India are heavily subsidized and import-dependent.

time to read

3 mins

May 18, 2026

Mint New Delhi

Tata Cliq leans on luxury brands to stand out in e-commerce race

Tata Cliq, the Tata Group’s flagship e-commerce platform, is sharpening its focus on premium brands, luxury shopping, and franchising marquee international brands in India, as the country’s online retail business expands rapidly.

time to read

1 mins

May 18, 2026

Mint New Delhi

Tata, ASML to build India's first chip fab

Tata Electronics and ASML on Saturday signed an agreement to build India’s first front-end semiconductor fabrication plant in Gujarat, as the country accelerates efforts to develop a domestic chip industry.

time to read

1 min

May 18, 2026

Listen

Translate

Share

-
+

Change font size