SCOPE NEWS
SCOPE concern on high cost of arbitration in PSEs
NEW DELHI . Speaking at the Seminar on “Arbitration – Challenges and Management”, Dr. U.D. Choubey, Director General, SCOPE said that there is huge cost of arbitration in public sector enterprises adversely affecting the bottom line.
There is also unproductive overheads for dealing arbitration cases. As such, he suggested for taking benefit of SCOPE Forum for Conciliation & Arbitration (SFCA) which will be cost and time effective at least for public sector enterprises. Dr. Choubey suggested for a structured and robust internal mechanism to settle disputes for minimizing arbitration cases in public enterprises.
Justice (Retd) S.N. Agarwal inaugurated the Seminar while Dr. P.K. Malhotra, former Secretary (Law) and Mr. J.K. Bodha, ED (Law), ONGC addressed the inaugural session which was attended by a large number of senior legal officers from public sector enterprises.
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