Mediation centre on the cards to resolve commercial disputes navhindtimes.in - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from navhindtimes.in Daily Mail and Mail on Sunday newspapers.
The Supreme Court held that complaints seeking recovery of the investment from which the complainant is deriving benefit in the form of interest cannot be entertained under the Consumer Protection Act.
Mediation, a process involving a neutral intermediary assisting parties in reaching a mutually satisfactory settlement, is widely seen as a means to reduce the backlog of cases in the legal system. However, the efficacy of mandatory pre-litigation mediation, especially in commercial disputes, has come under scrutiny.
The Kerala State Mediation and Conciliation Centre (KSMCC) officially launched NIRNAYA Scheme, a private mediation process for the resolution of disputes outside the convoluted court procedure. The.