The new premises of the Jammu and Kashmir International Arbitration Center (JKIAC) in Srinagar were inaugurated on Thursday by Union Law and Justice Minister Kiren Rijiju.
In the presence of Chief Justice of the High Court of Jammu and Kashmir, Pankaj Mithal, High Court Judges and members of the Arbitration Committee, the complex was inaugurated at the Old Sadder Court complex at Lal Chowk in Srinagar .
Rijiju commended the High Court of Jammu and Kashmir and Ladakh for establishing an institution of contemporary significance and underscored the importance of arbitration in commercial transactions, especially international ones given the country’s economic growth .
“Arbitration is a very important tool to improve the ease of doing business. Arbitration and mediation can deliver higher quality justice as courts are already overloaded with cases”
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Rijiju appreciated the judicial fraternity for making tireless efforts to deliver justice. He assured that the Union government would provide all possible assistance to the J&K UT Judiciary to improve infrastructure as well as manpower.
Chief Justice Pankaj Mithal while talking about the importance of alternative dispute resolution mechanisms, including arbitration, to deal with the increase in litigation in the country.
Judge Sindhu Sharma, President of JKIAC, spoke about the history of arbitration in India. She also said that we need arbitration at national and community levels to resolve disputes that arise there.
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Coordinator in charge of JKIAC, Rajeev Gupta, talked about the structure and hierarchy of the JKIAC
The Mega Legal Services Camp at Khanmoh in Srinagar to commemorate the anniversary of the birth of Dr BR Ambedkar was also inaugurated by the Minister of Justice
The first International Arbitration Center at Sher-i-Kashmir International Conference Centre, Srinagar was inaugurated by none other than Lieutenant Governor of Jammu and Kashmir, Manoj Sinha in the presence of Judge Gita Mittal, former Chief Justice of the High Court of Jammu and Kashmir.
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