Excelsior Correspondent
JAMMU, Dec 20: Standing Conference of Public Enterprises (SCOPE) organized a national seminar on Challenges a Management of Arbitration which was inaugurated by Minister of State for Heavy Industries & Public Enterprises and MoS, Parliamentary Affairs, Arjun Ram Meghwal.
Former Secretary, Law, P K Malhotra; Director General, SCOPE, Atul Sobti, Sunil Kumar, CMD, MTNL and Dr. S B Mitra, ED (Law & HR), GAIL also addressed the inaugural session.
On this occasion, the Minister also released special issue of SCOPE’s KALEIDOSCOPE magazine on Arbitration.
In his inaugural address, Meghwal said that Arbitration and Conciliation (Amendment) Act, 2015 and 2019 by the Government of India are clear indications of the Government’s vision to make India a hub for arbitration. He urged Public Sector Enterprises (PSEs) to create more effective arbitral mechanism which would also help India in further improving its ease of doing business ranking.
Former Secretary, Law in his keynote address advised to expedite arbitration procedure and expressed his pleasure about inclusion of arbitration in contracts of PSEs. He also said that institutional arbitration should be given more importance than ad-hoc arbitration and for that to happen we need to increase the confidence of corporate.
DG, SCOPE in his address expressed concerns on number of pending cases and said that arbitration can not only save time but also money of PSEs. SCOPE Forum for Conciliation and Arbitration (SFCA), he added, is an apt, cost and time efficient platform for PSEs to pursue their arbitration and conciliation matters. He also said that enforcing contract is key concern for PSEs.
CMD, MTNL proposed the vote of thanks and highlighted the growing challenges in the field of arbitration.
Dr. Mitra presented the program perspective.
The seminar was attended by over 80 senior executives from 30 PSEs.
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