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In a bid to free up thousands of crores of rupees locked up in litigation and arbitration, the government will come out with a discussion paper on a scheme detailing the percentage of amount which could be paid for expeditious resolution of contractual disputes, Finance Secretary T V Somanathan said. To begin with, the Department of Expenditure under the finance ministry will seek stakeholder suggestions on the quantum of percentage that could be offered for settling contractual disputes, besides other terms and conditions. The scheme would cover disputes relating to government contracts which are currently under arbitration or litigation. Under the scheme, which would be voluntary, contractors can come forward for resolution of disputes by accepting a specified percentage of the contract value. The percentage would be notified separately and will be 'reasonable and fair' so that many people take it, Somanathan told PTI. "...if they're willing to accept that percentage, it (dispute
Chief Justice of India D Y Chandrachud on Saturday said technology must be augmented with institutional reforms to resolve issues of access to justice, and it is essential to simplify the litigation process and make it "citizen centric". He also said the judiciary has been adopting technology to improve the working of courts and it is of "supreme importance" that courts are remodelled to reach out to citizens instead of them reaching out to courts in their quest for justice. Speaking at the Constitution Day celebrations at the Supreme Court, the Chief Justice of India (CJI) said judges across the country must reflect upon the constitutional vision of securing justice, equality and liberty. He said it is important that representation of marginalised communities and women in the legal profession and judiciary is increased. Justice Chandrachud also spoke about the e-initiatives -- virtual justice clock, justIS mobile app 2.0, digital court and s3WaaS websites of district courts -- tha
The case pending against Nandal Finance is a winding up petition filed by RoC over allegations of money laundering
Dr Reddy's Laboratories on Thursday said it has settled patent litigation with Indivior Inc and Aquestive Therapeutics on a medication used to treat opioid dependence or addiction
The concept of litigation finance is widely prevalent in Australia, the United Kingdom and the United States
The complex holding structure of various group companies across various jurisdictions can lead to multiple and fresh litigation for years, they warn.
While the states expect they be respected as federal units, the Centre behaves as if it is a unitary government
Few governments in the world waited for court orders to mitigate peoples' sufferings
Delhi HC issues notice to fund house, Sebi following writ petition by investor
The commission awarded Rs 10 lakh as compensation, out of which, Rs 8 lakh would be payable by hospital
Complaints target colleges from University of California to Columbia; lawsuits claim inferiority of online versus campus classes
From taxpayers' point of view, this scheme provides a good window of opportunity to reduce litigation and it must be evaluated positively.
South African group seeks Centre's help in Mumbai airport dispute
The court set aside the high court ruling and clarified that the state law and the central law on arbitration were not in conflict and the tribunal can pass interim orders
The asset manager is yet to resolve the impasse surrounding the payment of pension to its erstwhile employees who had opted for voluntary retirement in 2003
Courts have repeatedly denounced filing futile appeals by public authorities