Hyderabad will get International Arbitration centre assures CJI

ramana
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Chief Justice of India (CJI) Justice NV Ramana said he was putting in efforts to set up an international arbitration centre in Hyderabad in collaboration with the Singapore International Arbitration Centre (SIAC).

People right now have to go to Singapore for getting the issues resolved. Hyderabad has good hotels and if the CM KCR can provide a good building with IT infrastructure, the Arbitration centre will be setup here he assured. He was participating in a chit chat with the media here at Rajbhavan.

I talked to the Chief Justice of Singapore and he was pleased to cooperate with us in setting up an international arbitration centre in Hyderabad said CJI.

The CJI said that the Supreme Court is ready to constitute a committee comprising a Supreme Court judge, the Telangana High Court Chief Justice and other eminent jurists to look after the setting up of the centre,.

CJI Ramana said it was his dream project to set up such a centre in Hyderabad, where he started his career.

The City of Hyderabad had become an arbitration hub, where several international commercial organisations, IT industries, pharma and other companies were situated in larger numbers, he said adding that when legal issues were being raised, the companies were looking for international arbitration institutes.

Justice Ramana announced that the work was under process to telecast live the Supreme Court arguments within three months without interruption. Responding to apprehensions over the possibility of misuse and misinterpretation of the live telecast of the hearing, the CJI said that the Supreme Court had initiated a new software with artificial intelligence to make sure no such issue of misuses of live telecast.

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