Arbitration Is A Useful And Speedy Tool For Resolution Of Disputes: Vice President.
By Team Legistify / 2017-05-21

Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!

Shri Hamid Ansari, Vice President of India, while addressing the inaugural session of a two-day Conference on Dispute Management in Infrastructure Projects – New Challenges, organized by the Indian Institute of Technical Arbitration, Delhi, said that arbitration process in India has evolved over the years and now offer a flexible, useful and speedy tool for resolution of disputes that saves both the court’s and the litigants’ time. The parties often select the arbitrator and exercise control over certain aspects of the arbitration procedure, he added.
He further said that arbitrators also bring domain expertise to the specific subject matter of the dispute, providing for a more efficient and quicker process. The renovated Arbitration Act of 2015 has further sanctified the arbitration process by granting even more finality to the arbitral award, he added.

He also praised the CPWD by calling it a multifaceted infrastructure construction and maintenance agency with some of the best construction engineering, architectural and horticultural capabilities.
Shri R.P. Seshadri, President of Indian Institute of Technical Arbitrators, Shri N.L. Singh, Special Director General of CPWD and other dignitaries were present on the occasion.

Following is the text of Vice President’s address:
“The Director General has requested me to inaugurate a conference on a subject about which I know next to nothing. I am nevertheless grateful to him for inviting me today.

A department of public works, anywhere and in any period of history, has been an essential part of governance systems. It is difficult to visualise that edifices like the Meenakshi Temple, the Taj Mahal or the Red Fort or innumerable other iconic structures could have been built without a body of persons designated to translate the visions of the rulers into visible reality.

The Central Public Works Department, or the CPWD, as the principal Public Works Organisation of the Government of India has had a long and interesting history since its inception in July 1854 as the Ajmer Central Division for colonial works.

The city of New Delhi, as we see it, as well as the buildings in Imperial Shimla and other prestigious buildings like Mayo College Ajmer, can largely be credited to the works of CPWD. This has been true, with greater intensity and diversity, of the period after Independence.


Have a Legal Issue?

Get connected to the Best Lawyers and Chartered Accountants Near You!

Related Posts

Read More News on Similar Topics