The goal is to solve problems in the shortest possible time at the lowest possible cost. The country has a long history of arbitration and mediation. It has worldwide significance.
Hyderabad: Chief Justice of India, Justice NV Ramana has inaugurated the first International Arbitration and Mediation Center (IAMC) in Hyderabad at Phoenix VK tower at Nanakramguda along with the Telangana Chief Minister K.Chandrasekhar Rao.
Speaking on this occasion, the Chief Justice of India said that “we are pleased to launch the Arbitration and mediation Center in Hyderabad” he said Chief Minister has accepted the proposal to set up IAMC which was set up with good facilities in a short period of time, he thanks to the government for providing the infrastructure. It promotes mediation in all types of cases.
The goal is to solve problems in the shortest possible time at the lowest possible cost. The country has a long history of arbitration and mediation. It has worldwide significance. IAMC is attracting global attention. Hyderabad is in all respects conducive to its establishment. IAMC will play a key role in compromise and mediation.
The Chief Justice of India said that IAMC was opened to resolve the problems quickly that arose due to the lack of sufficient judges. He said IMAC will not confine itself in settling commercial disputes but also look into the disputes of ordinary people.
The Chief Minister said that Hyderabad is progressing in line with international standards. He said many people have worked hard to keep Hyderabad at its level. He said that the person who loves Bhagyanagar the most is Chief Justice of India Justice NV Ramana.
He said that the Chief Justice of India had played a key role in setting up the IAMC, he said Hyderabad was becoming a focal point in many areas, IAMC hopes to bring a good name to the country and the state. He said that steps could be taken to resolve state disputes through arbitration.
After the opening ceremony, the Chief Justice of India and Chief Minister inspected the arrangements and infrastructure. The government has allocated lands to the Center which is being run in a building on a temporary basis at present.
The ceremony is attended by Supreme Court Justice Lavu Nageshwar Rao, Justice Hima Kohli, Supreme Court retired Judge Justice R.V Ravindran, High Court Chief Justice Satish Chandra Sharma, Minister for Law Indra Karan Reddy, Home Minister Mahmood Ali, Excise and Tourism Minister Srinivas Goud, The IAMC.