“Mediation for the Nation 2.0” meet held; HC pushes for Mediation in Banking disputes

Jammu : On the directions of Chief Justice, High Court of Jammu & Kashmir and Ladakh, a meeting in connection with the nationwide initiative “Mediation for the Nation 2.0” was convened Monday under the chairmanship of M K Sharma, Registrar General, High Court of J&K and Ladakh at High Court of J&K and Ladakh, Jammu.
The meeting was attended by Faizan Iqbal, Coordinator, Main Mediation Centre & Sunil Kumar, Secretary, High Court Legal Services Committee besides Divisional/Branch Managers of various public and private sector banks and the Insurance Companies. It was aimed at strengthening the role of mediation as an effective alternative dispute resolution mechanism, particularly in banking and financial disputes.
During the meeting, the Registrar General emphasized the significance of mediation as a cost-effective, speedy and consensual dispute resolution mechanism, particularly in matters involving banks and financial institutions, where prolonged litigation often results in avoidable delays and increased burden on courts as well as stakeholders.
The participants were sensitized about the aims and objectives of the “Mediation for the Nation 2.0” campaign, which seeks to promote mediation as a preferred mode of dispute resolution and foster a culture of dialogue and settlement.
The Coordinator, Main Mediation Centre, briefed the participants about the functioning of mediation centres, the procedure involved in mediation proceedings and the categories of disputes that can be effectively resolved through mediation. He laid emphasis on early referral of suitable cases to mediation and the need for close coordination between the banks and mediation centres.
The participating bank officials appreciated the initiative and assured full cooperation in furthering the objectives of “Mediation for the Nation 2.0”, in alignment with the vision of the Chief Justice to strengthen alternative dispute resolution mechanisms within the justice delivery system.
The meeting concluded with a reaffirmation of collective commitment to make the mediation initiative a success through sustained coordination, awareness and institutional support.