International Arbitration and Mediation Centre inaugurated in Telangana

International Arbitration and Mediation Centre inaugurated in Telangana

Question: International Arbitration and Mediation Centre inaugurated in which of the following state?
(a) Tamil Nadu
(b) Andhra Pradesh
(c) Kerala
(d) Telangana
Answer: (d)
Related Facts:

  • Chief Justice of India (CJI) Justice NV Ramana, and Chief Minister of Telangana K Chandrasekhar Rao has inaugurated India’s First International Arbitration and Mediation Centre (IAMC) at Phoenix VK Tower at Nanakramguda, Hyderabad, Telangana.
  • The IAMC has come up with 25,000 sq ft temporary accommodation at VK Towers in Gachibowli, an information technology hub.
  • IAMC has been established to quickly resolve the issues that arise due to the Lack of sufficient judges. IAMC will settle commercial disputes and it will also look into the disputes of ordinary people.

BY: AMIT GUPTA

Reference: https://wap.business-standard.com/article-amp/current-affairs/india-s-first-international-arbitration-and-mediation-centre-opens-in-hyd-121121800768_1.html