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Madhya Pradesh HC Unveils "MP Domestic & International Arbitration Centre" [Read Press Note]

LIVELAW NEWS NETWORK
14 July 2020 6:52 AM GMT
Madhya Pradesh HC Unveils MP Domestic & International Arbitration Centre [Read Press Note]
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The Madhya Pradesh High Court recently inaugurated the "Madhya Pradesh Domestic & International Arbitration Centre", for providing speedy and timely justice and to enhance the ease of doing business.

The Centre, first of its kind in the state, was unveiled in by Justice AK Mittal, Chief Justice of the MP High Court in the presence of Justice Sanjay Yadav, Administrative Judge, Jabalpur and other companion Judges on July 4, 2020.

Its building is annexed to the main High Court building and its functioning will be governed by the Madhya Pradesh Arbitration Centre (Domestic and International) Rules, 2019, as notified in the Gazette Notification dated September 6, 2019.

The Centre will be supervised by the Board of Governors comprising five Senior High Court Judges and there is also a Directorate of the Centre, headed by the Director who is a Senior Judicial Officer.

It offers the facility of Pro-bonc Arbitrator facility of amicable settlement of dispute within 1 year, or fast track procedure for disposal within 6 months.

Inter alia, the parties may:

  • select Arbitrator of their own choice at standard fees according to value of the matter;
  • prefer the matter to mediation or conciliation at any stage;
  • appoint Expert on specific issues;
  • refer International disputes to the Arbitration Centre;
  • place online request and seek telephonic coordination from the Centre;
  • avail facility of good infrastructure and skilled manpower support with nominal charges.

This skilled staff, comprising of Law Researchers and Judicial Officer, will provide complete assistance to the Arbitrators in the arbitration proceedings and no separate personal manpower will be required to the Arbitrator.

Multiple Arbitration Units with Secretariat of the Office, Waiting Lounge, Cafeteria, Library and Record Rooms have also been established.

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