The High Court of Jammu and Kashmir will have arbitration centers in Srinagar and Jammu.
Srinagar:
The High Court of Jammu and Kashmir will have arbitration centers in the two regions of the territory of the Union in order to provide an institutionalized framework for rapid and rapid resolution of disputes through an alternative dispute resolution mechanism.
The court approved the establishment of adjoining High Court arbitration centers in Srinagar and Jammu, an official spokesperson said on Saturday evening.
The centers will be called “The Jammu and Kashmir International Arbitration Center (JKIAC)”.
To ensure fair, rapid and inexpensive justice for litigants and to be sensitive to the fact that the object of article 89, in the absence of detailed modalities, has remained somewhat dormant in Jammu and Kashmir, the court has set up these arbitration centers, the spokesperson said.
He said that to ensure that the constitution of these centers is smooth and efficient, the High Court also supervised “The Jammu and Kashmir International Arbitration Center (JKIAC) (International Business Rules, 2020)” .
Under these rules, he said, the chief justice of the High Court of Jammu and Kashmir will be the chief patron of the Jammu and Kashmir International Arbitration Center (JKIAC).
To oversee and supervise the centers, an arbitration committee composed of three High Court judges, the Advocate General, the Deputy Solicitor General attached to the High Court, and three members appointed by the Chief Justice of the High Court commune of Jammu and Kashmir and Ladakh of which at least one will be appointed lead lawyer, while the others can be any arbitration expert, in India or abroad, must be established, the spokesperson said. word.
He said that in order to oversee and manage the JKIAC, a secretariat made up of a coordinator who will be a member of the senior judicial service and two additional coordinators who will be members of the judicial service, should be appointed by the chief judge.
The spokesperson said the rules further contemplate the appointment of a senior lawyer and a deputy lawyer from among lawyers with experience in arbitration.
In accordance with the rules, the JKIAC shall prepare and maintain a panel of arbitrators as approved by the arbitration committee from time to time from among those who are qualified and willing to serve as arbitrators provided their suitability is determined by the arbitration committee. , he said.
The staff of arbitrators will be made up of former judges, former bailiffs, chartered accountants, bureaucrats, engineers, architects, professors, etc., he added.
Likewise, for the handling of arbitration proceedings in these centers, “the regulations of the Jammu and Kashmir International Arbitration Center (arbitration proceedings), 2020” was also framed by the High Court, said the spokesperson.
To regulate the administrative costs of the center and the fees of the arbitrator, the “Rules of the International Arbitration Center of Jammu and Kashmir (administration pass and arbitrator fees), 2020” has been drawn up by the High Court.
The establishment of the Jammu and Kashmir International Arbitration Center would go a long way towards achieving the objective behind the enactment of Article 89 of the Civil Procedure Code while ensuring that arbitration proceedings remain short. expensive and take place in the shortest possible time. said the spokesperson.
He said that adjoining court arbitration centers are operating successfully in Delhi, Chandigarh, Bangalore, Chennai (Madras) and Cuttack (Orrisa).
(This story was not edited by GalacticGaming staff and is auto-generated from a syndicated feed.)
