In the recent monsoon session of Parliament, both Houses passed The Mediation Bill, 2023, to promote mediation as a means of dispute resolution.
Alternate Dispute Resolution (ADR) |
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NITI Aayog (2021) has observed that this model of compulsory mediation up to a few sessions has been successful in countries such as Italy, Brazil, and Turkey.
About |
Arbitration and Conciliation Act 2021 |
Mediation Act 2023 |
Institutional mechanism |
Arbitration Council of India (Yet to be implemented) |
Mediation Council of India |
Service providers |
Arbitral Institutions which provide mediation services that are on par with global best practices. |
Mediation service providers to provide not only the service of mediator but also facilities, secretarial assistance and infrastructure. |
Verdict |
Arbitral award |
Mediated settlement agreement |
Similarities |
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References