Faculty and BBA Students of Department of Management and Commerce attended the Valedictory session of the first ever ‘Global Conference to Strengthen Arbitration and Enforcement in India’
The first ever global conference to strengthen Arbitration and Enforcement in India was held in New Delhi. The 3-day Conference was inaugurated by our President Shri Pranab Mukherjee on 21st October, 2016. The Valedictory address was delivered by Hon’ble Prime Minister of India Shri Narendra Modi on 23rd October, 2016. The session was also addressed by Mr. Ravi Shankar Prasad, Hon’ble Union Minister for Law & Justice and IT, Government of India; Hon’ble Mr. Justice T.S. Thakur, Chief Justice of India; Mr. Amitabh Kant, CEO, NITI Aayog; Mr. Mukul Rohatgi, Attorney General of India; Hon’ble Mr. Justice Anil R. Dave, Judge, Supreme Court of India and Executive Chairman NALSA. The panel also consisted of Mr Rao Inderjit Singh, Union Minister of State (Independent Charge) for Ministry of Planning, Minister of State for Ministry of Urban Development and Ministry of Housing and Poverty Alleviation, NITI Aayog, Dr. Arvind Panagariya, Vice-Chairman, Niti Aayog, Hon’ble Mr. Justice Manmohan, Judge, Delhi High Court and Chairman, Organizing Committee of the Conference.
The three day conference was organised by NITI Aayog, with the objective to identify the inherent lacunae in arbitration in India and to define a roadmap to strengthen the same. In the course of three days the conference through its sessions brought together numerous legislators, arbitrators, judges and investors in an engaging dialogue. The conference established that there is an imperative need to establish a fast track resolution of disputes and encourage arbitration in the country. The Prime Minister mentioned that a vibrant ecosystem of alternate dispute resolution needs to be in place as India has become the biggest centre of FDI and the culture of start-ups has also increased manifold. In this case the corporate needs to be assured that commercial disputes will be resolved efficiently and the rules of the game would not change overnight. The Prime Minister asked for a widened ambit of legal education in India.
Mr. Ravi Shankar Prasad said we have Make in India, Work in India, now let’s promote Resolve in India.
Prof Jaideep Singh, Prof Sudhir Sachdev, Prof Bindu Agarwal, Prof Pragati Chauhan, Prof Pooja Kapoor, Prof Chhavi Kulshrestha and Prof Rajat Gera from Department of Management and Commerce and Faculty of Management and Humanities attended the session along with the students of BBA Finance and Accounts, BBA Entrepreneurship and Family Business and BBA Healthcare Management.