Delhi High Court Chief Justice Manmohan noted that a growing economy cannot afford to have too many stressed assets and a quick resolution of a disputes is essential. However, in a commercial dispute, stakeholders have various interests and a resolution mechanism must ensure that such competing interests are balanced.
“We all know National Company Law Tribunals (NCLTs) are overburdened. Judicial system has a limited capacity, but in a country that is growing fast we need to look for new tools to resolve disputes. Mediation is one of the tools to try. It will be a game changer,” he stated.
He further opined that mediation offers flexibility from legal procedures and that mediation in insolvency will not only achieve the desired…
