Ever since India’s first International Arbitration and Mediation Centre (IAMC)
for alternative dispute resolution was inaugurated in Hyderabad three months ago amid much fanfare,
the general impression was that IAMC would be confining itself to settling commercial disputes involving big corporates, MNCs and multi-national entities. But, with the IAMC opening its doors and concentrating on gaining the confidence of local people, disputes relating to common people are also getting resolved in a quick time.
Since the center became operational, 22 cases have been received and 50 hearings conducted from the temporary premises in Gachibowli. Two matters from the Supreme Court have also been referred to the IAMC.
Family disputes, partition rows, etc., are being resolved through mediation in an efficient,
cost-effective and time-bound manner. IAMC registrar Tariq Khan said they want to drive home the message that their center was meant not for multi-national companies alone.
“We want to make our center accessible to commoners to have their marital disputes, property tussles or even service-related issues of employees in the corporate sector resolved in a quick time at a low cost,” he told TOI.
Property disputes among Sanghi brothers in Hyderabad, Lalit Modi, his mother and other siblings have been referred to the IAMC by courts and company law tribunals. “They are being currently heard. Through mediation, we can ensure early resolution of disputes,” Tariq said.
He said the administrative fee was kept on the lower side, especially for small value disputes.
“The latest technology allows us to provide access to justice to people in a cost-effective manner.
Also, our room booking charges are comparatively economical so that more people can make use of our facilities and services,” the registrar said.
Disputes pertaining to the energy sector, real estate, etc., worth $400 million are also being heard.
“With the active engagement of the local bar, we could conduct more than 50 hearings from our premises,” he said.
Explaining the advantages of mediation, Tariq said expeditious resolution of the dispute, low costs, settlement of the dispute as per the needs of the parties, continuation of the relationship between the disputing parties and confidentiality hold key.
“We are in the process of collaborating with domestic and international institutions for conducting training courses, workshops and conferences to encourage research and promote arbitration and mediation.” For the past three months, IAMC has been getting a steady demand for its arbitration and mediation services as well as its infrastructural facilities from across the country, Tariq said.
“We have organized four national and international conferences to create awareness on arbitration and mediation. One among them is a round-table conference at Dubai International Arbitration Centre,” he said.
Stating that IAMC will also collaborate with national law universities in the country,
he said they are in the process of entering into an MoU with WE-Hub,
which is a one-stop destination for promoting women entrepreneurs in India.
He said IAMC is building young community of young practitioners by offering them membership in ‘Young IAMC’, known as YIAMC community.