Union Law and Justice Minister Kiren Rijiju today opened the new premises of the J&K International Arbitration Center (JKIAC) at the Old Sadder Court complex, Lal Chowk, here.
Chief Justice, High Court of J&K and Ladakh and Chief Patron, JKIAC, Justice Pankaj Mithal; Justice Ali Mohammad Magrey, Justice Sanjeev Kumar, Justice Sindhu Sharma, Justice Sanjay Dhar, Justice Puneet Gupta, Justice Javed Iqbal Wani, Justice Mohammad Akram Chowdhary, Justice Moksha Khajuria Kazmi, Former High Court Justices of J&K and Ladakh, Advocate General , DC Raina and members of the JKIAC Arbitration Committee graced the occasion.
In addition, Registry Officers from the High Court and District Judiciary, Barristers, Incorporated Arbitrators and Civil Administration Officers were also present on the occasion.
Upon his arrival at the scene, the Minister of Justice was greeted by the Chief Justice, members of the JKIAC Arbitration Panel and High Court Judges, who took him to the premises for first-hand information on the facilities and other infrastructure created in the center to make it fully functional.
The Union Minister, while speaking on the occasion, commended the High Court of Jammu and Kashmir and Ladakh for creating an institution of contemporary significance. He stressed the importance of arbitration in commercial transactions, especially international ones, given the country’s economic growth. He said arbitration is a very important tool to improve the ease of doing business.
Kiren Rijiju added that arbitration and mediation can provide higher quality justice as the courts are already overloaded with cases. He assured the attendees that the Union government will provide all possible assistance and put all resources at the disposal of the J&K UT justice system to improve the infrastructure as well as the manpower. He further appreciated the judicial fraternity for their tireless efforts in the dispensation of justice.
The Minister commended the Chief Justice, the President and the members of JKIAC for their efforts to ensure that the old building was beautifully renovated and made functional in a short time to ensure the functioning of the center in a true sense.
Justice Pankaj Mithal, Chief Justice of the High Court of J&K and Ladakh, spoke in his speech about the importance of ADRs, including arbitration, in tackling rising litigation in the country. He stressed the need for such institutions to ensure rapid and accessible justice not only to the citizens of the country but also to the business community. He added that arbitration does not require lengthy procedures for decisions to be made. “It’s cost effective, it saves time and it allows you to have the referees of your choice,” he said.
Judge Sindhu Sharma, President of JKIAC, in her brief speech, traced the history of arbitration in India and pointed out that the country needs arbitrators not only for arbitration centers but also at the national level and community to resolve disputes arising at these levels.
Rajeev Gupta, Coordinator in charge of JKIAC, in his presentation gave an overview of the structure and hierarchy of JKIAC and also highlighted the governance and administration model.