Saraf And Partners Hosts Symposium On “Issues Arising Out Of Construction Contracts: Advocacy & Evidence”
LIVELAW NEWS NETWORK
17 Feb 2023 4:37 AM GMT
Saraf and Partners in collaboration with Society of Construction Law, India organized a Symposium on “Issues Arising out of Construction Contracts: Advocacy & Evidence” at Firm’s Delhi (NCR) office. The symposium celebrated the growth and revolution of the Construction sector, discussing and deliberating on some of the key pertinent issues, challenges, and opportunities through knowledge session with leading experts from the industry encapsulating their perspective, views and deep insight on the latest developments and trends in the field of construction contracts.
The Symposium brought together a congregation of more than 150 participants consisting of Judges of Supreme Court of India and High Court, Senior Advocates, General Counsels from multinational companies such as Larsen & Toubro, GMR Group, DLF, Dalmia Bharat Group, Ernst and Young, Cube Highways etc and luminaries from the legal fraternity.
Justice N.V. Ramana, Former Chief Justice of India, inaugurated the Symposium as the Chief Guest and said most of the arbitration in India is taking place with respect to construction projects. While talking about the current scenario, Justice Ramana expressed his gracefulness regarding the liberal interpretation of arbitration law and the importance accorded to party autonomy in India
The Symposium Chair of the Summit, Dr. Abhishek Manu Singhvi, Senior Advocate concurred with Justice Ramana and spoke about the need for comprehensive pre-litigation assessment in terms of evidence by lawyers. Mr Singhvi raised an important issue regarding how the members of the legal profession, such as lawyers and arbitrators, respond to this new and exciting phase of construction development. He concluded by saying "How a district judge in Guwahati looks at an award is different than how a Delhi High Court judge or a commercial judge looks at it in Mumbai, since judging is human exercise, and unless there is repeated training etc it is difficult to achieve this homogeneity.”
Explaining the rationale behind this symposium in the welcome address, Mohit Saraf, Founder & Managing Partner, Saraf and Partners, deliberated upon the significance of construction and infrastructure projects. He noted that the allocation of Rs 10 lac crore towards capital expenditure in the recent union budget demonstrates government focus towards construction and infrastructure led growth. While sharing his view on achieving the goal of USD 5 trillion Indian economy in the next 5 years, he emphasized that we roughly need more than a Trillion USD (USD 1000 Billion) investment in capacity creation.
The industry veterans recounted their experience of growth and success with the audience, echoing the immense opportunities for entrepreneurs and professionals in the construction sector.
