SCOPE NEWS
SCOPE for Faster Redressal of Arbitration in PSUs
New Delhi: SCOPE Forum of Conciliation & Arbitration (SFCA) organized an Interactive Seminar on Arbitration & Insolvency Code 'Challenges & Options' here today. Justice Swatanter Kumar, Former Judge, Supreme Court & Former Chairperson NGT and the Chief Guest inaugurated the Seminar. Dr. U. D. Choubey, Director General, SCOPE, Mr. Shourav Lahiri, Founder-Director, Lahiri LCC (Singapore), Dr. S. B. Mitra, ED (Law & HR), GAIL and Mr. H. S. Rajpal, GM (CA), IOCL also addressed the inaugural session.
Welcoming the participants, Dr. U.D. Choubey said that the number of litigations amongst Public Sector is huge and the time taken by the judiciary is also a matter of concern. Welcoming the new Insolvency & Bankruptcy Code (IBC), Dr. Choubey said that IBC is probably one of the biggest reform done by Government of India in fastest possible time.
In his inaugural address, Justice Swatanter Kumar said that there is a persistent need to support civil court by having a strong dispute resolution system. He further added that delays in the arbitration process should be stopped and Execution & Effectiveness should be a regular feature for arbitration & IBC in India.
Mr. Lahiri who came from Singapore, gave the keynote address presenting the international perspective of commercial arbitration.
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