Give arbitration & conciliation reforms highest priority to spur growth

There appears to be a strong belief in many that arbitration stems out of the root 'arbitrary'. Right from the start many proceedings are conducted in an arbitrary manner. As an exception I attended an arbitral meeting where the young advocate who was appointed as sole arbitrator stoutly announced in the first meeting that he would hold the next meeting only after the paper work is completed by the parties among themselves. On the contrary, there is another experienced gentleman who conducts successive meetings to preach that there should not be any more delay. The latter was conducting meetings without bothering to take note that one of the parties did not even submit the complete list of its denials and admissions. In the present system, there is no scope for monitoring of the process and since delay is not harming any of the professionals involved, enormous self dicipline is needed for the speedy disposal.

sureshbala sureshbala 23/09/2014