Industrial Sector Updates – Industrial Policy, Ease of Doing Business, etc.

Justice delay keeps investors away: CJI

  1. Source: Chief Justice T.S. Thakur
  2. He said foreign investors continue to be wary of India’s labyrinthine and delayed justice delivery mechanism
  3. Investors feel that Indian courts would delay justice due to them
  4. According to him, alternative dispute resolution mechanisms like arbitration, mediation and conciliation would become effective only if backed by a robust justice delivery system steered by conventional courts
  5. Civil courts should be able to hear and decide challenges to arbitration awards in a time-bound manner

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