Impact of Pre-Institution Mediation Under the Commercial Courts Act 2015
The Commercial Courts Act, 2015, amended in 2018, mandates Pre-Institution Mediation and Settlement (PIMS) for commercial disputes of specified value without urgent relief. This provision aims to mediate disputes before court proceedings. Since 2018, PIMS has seen thousands of mediations yearly with varying success rates in settlement. Recent years show growing participation, though many cases remain non-starters. India's mediation framework is bolstered by the Mediation Act, 2023, emphasizing mediator training and certification.
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