In February this year, the law ministry told the Rajya Sabha that the central government is a party in nearly seven lakh cases pending across courts, with the finance ministry alone being a litigant in nearly two lakh cases.
"Lord Krishna was the first mediator", the apex court said seeking mediation in the case. It proposed a committee to settle the issue between the state government and the temple trust.
The bill puts a mediated settlement agreement on par with a court order, thus imparting a finality to the proceedings. Also, disputes have to be resolved in 180 days, extendable by another 180 subject to bona fide causes.
Available data shows that over 41 million cases are pending in the district courts, 5.9 million in the high courts and 71,000 in the Supreme Court. Systemic change is needed to reduce the backlog, experts say.
The top court was hearing SpiceJet's appeal against the November 2, 2020 order of the Delhi high court, asking the airline to deposit around Rs 243 crore as interest in connection with the share transfer dispute with its former promoter
To make the arbitral process more effective and bring it on par with the international law, the Arbitration and Conciliation Act of 1996 was amended in 2015, 2019, and 2021, he said.
Commenting on the family battle raging at YES Bank, the bank's lawyer says its governance systems are intact, and continues to hold out hope that there is scope for mediation to be able to resolve the tussle.