Business Standard

Friday, December 20, 2024 | 10:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Litigation

Govt to come out with discussion paper on contractual disputes: Somanathan

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

Govt to come out with discussion paper on contractual disputes: Somanathan
Updated On : 07 Feb 2023 | 11:41 AM IST

Need to make litigation process citizen-centric, tech must be adopted: CJI

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

Need to make litigation process citizen-centric, tech must be adopted: CJI
Updated On : 26 Nov 2022 | 2:14 PM IST

Govt stops sale of Central Electronics to Nandal Finance over legal issue

The case pending against Nandal Finance is a winding up petition filed by RoC over allegations of money laundering

Govt stops sale of Central Electronics to Nandal Finance over legal issue
Updated On : 28 Sep 2022 | 7:52 PM IST

Dr Reddy's settles patent litigation with Indivior, Aquestive Therapeutics

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

Dr Reddy's settles patent litigation with Indivior, Aquestive Therapeutics
Updated On : 30 Jun 2022 | 11:43 AM IST

Global litigation financiers plan India entry to target company disputes

The concept of litigation finance is widely prevalent in Australia, the United Kingdom and the United States

Global litigation financiers plan India entry to target company disputes
Updated On : 16 Dec 2020 | 7:00 PM IST

Hinduja brothers must seek mediation to settle issues, say lawyers

The complex holding structure of various group companies across various jurisdictions can lead to multiple and fresh litigation for years, they warn.

Hinduja brothers must seek mediation to settle issues, say lawyers
Updated On : 06 Jul 2020 | 1:29 PM IST

Letter to BS: Spike in PILs a wake-up call for legislature, executive

While the states expect they be respected as fe­deral units, the Centre behaves as if it is a unitary government

Letter to BS: Spike in PILs a wake-up call for legislature, executive
Updated On : 25 Jun 2020 | 2:23 AM IST

PIL spike in corona times

Few governments in the world waited for court orders to mitigate peoples' sufferings

Image
Updated On : 23 Jun 2020 | 10:05 PM IST

Cloud over Franklin Templeton's wind-up move amid legal challenges

Delhi HC issues notice to fund house, Sebi following writ petition by investor

Cloud over Franklin Templeton's wind-up move amid legal challenges
Updated On : 09 Jun 2020 | 2:36 AM IST

Delay in treatment is negligence

The commission awarded Rs 10 lakh as compensation, out of which, Rs 8 lakh would be payable by hospital

Image
Updated On : 04 Jun 2020 | 1:20 AM IST

Covid-19 crisis: Angry undergrads suing colleges for billions in refunds

Complaints target colleges from University of California to Columbia; lawsuits claim inferiority of online versus campus classes

Covid-19 crisis: Angry undergrads suing colleges for billions in refunds
Updated On : 03 May 2020 | 12:35 AM IST

Vivad se Vishwas scheme: Settlement, a fact-intensive decision

From taxpayers' point of view, this scheme provides a good window of opportunity to reduce litigation and it must be evaluated positively.

Image
Updated On : 16 Mar 2020 | 1:07 AM IST

Frivolous litigation hurts India's image as FDI destination: Bidvest

South African group seeks Centre's help in Mumbai airport dispute

Frivolous litigation hurts India's image as FDI destination: Bidvest
Updated On : 20 Jan 2020 | 1:33 AM IST

Pre-deposit in cheque to bank guarantee, key court orders of last week

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

Pre-deposit in cheque to bank guarantee, key court orders of last week
Updated On : 12 Jan 2020 | 8:21 PM IST

Employee-related litigation could hit UTI MF's valuation ahead of IPO sale

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

Employee-related litigation could hit UTI MF's valuation ahead of IPO sale
Updated On : 20 Dec 2019 | 10:27 PM IST

Bitten by the litigation bug

Courts have repeatedly denounced filing futile appeals by public authorities

Image
Updated On : 07 Feb 2018 | 6:00 AM IST