Jammu, Srinagar to get High Court annexed Arbitration Centers

Jammu | 21 Sept 2020

The High Court of Jammu and Kashmir has accorded approval to setting up of High Court annexed Arbitration Centers at Jammu and Srinagar called as �The Jammu and Kashmir International Arbitration Centre (JKIAC)�. The Arbitration Centres will provide an institutionalised framework for speedy and expeditious resolution of disputes through an alternate dispute resolution mechanism.
The court has accorded approval to setting up of high court annexed arbitration centres at Srinagar and Jammu, an official spokesperson said.
For securing fair, speedy and inexpensive justice to the litigants and being sensitive to the fact that the object of the Section 89, in absence of detailed modalities, has remained somewhat dormant in Jammu and Kashmir, the court has set up these arbitration centres, the spokesman said.
He said to ensure that the constitution of such centres is smooth and effective, the high court has also framed The Jammu and Kashmir International Arbitration Centre (JKIAC) (International Management Rules, 2020) .
As per these rules, he said, the chief justice of the high court of Jammu and Kashmir shall be the patron-in-chief of the Jammu and Kashmir International Arbitration Centre (JKIAC).
To monitor and oversee the centres, an arbitration committee consisting of three judges of the high court, advocate general, assistant solicitor general attached to the high court and three members to be nominated by the Chief Justice of the Common High Court of Jammu and Kashmir and Ladakh out of whom at least one shall be designated senior advocate, while the others may be any arbitration expert, in India or abroad has to be established, the spokesman said.