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Alternative Dispute Resolution Suffering
Mint Kolkata
|April 03, 2025
The state remains the biggest litigant and often resists arbitration-based resolutions, the legal experts said
Prolonged judicial delays and a lack of institutional support for alternative dispute resolution (ADR) mechanisms are eroding investor confidence in India, top corporate lawyers said at the Mint India Investment Summit 2025 in Mumbai. They said that, unlike Singapore and Dubai, India has not emerged as a preferred destination for resolving international commercial disputes due to the absence of strong ADR institutions and a culture of judicial intervention in arbitration matters.
"The biggest cost of judicial delays is the erosion of faith of investors, which cannot be quantified. Justice delayed is justice denied. Dubai and Singapore started much later, and they are ahead of us," said Madhav Uppuluri, general counsel at Tata Motors Ltd.
Dit verhaal komt uit de April 03, 2025-editie van Mint Kolkata.
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