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Legal Vistas launches portal for online dispute resolution

New Delhi, Nov 25: Legal and IT firm Legal Vistas Condultancy has launched a portal forresolution of disputes arising between consumers, investors and companies.

The platform 'earbitration.Net' is an Online Dispute Resolution (ODR) mechanism that wouldcut arbitration costs to almost half, besides saving time.

"With the Indian courts overburdened, the online dispute resolution method would reduce thepressure on the courts and bring down the cost of litigation and time required," Minister ofState for Consumer Affairs and Food Akhilesh Prasad Singh said at a symposium organisedby earbitration.Net here.

The company would initially provide this service to its clients and plans to expand further.

"It is like other dispute resolution mechanisms but it is an online service. It will benefitconsumers and companies in retail, finance and FMCG segments which have largecustomer base," Legal Vistas Advocate Partner Syed Kamaran Razvi said.

The award passed by the forum will be legally binding under the Arbitration and ConciliationAct 1996.

--- PTI

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Legal Vistas launches portal for online dispute resolution

New Delhi, Nov 25: Legal and IT firm Legal Vistas Condultancy haslaunched a portal for resolution of disputes arising between consumers,investors and companies.

The platform 'earbitration.Net' is an Online Dispute Resolution (ODR)mechanism that would cut arbitration costs to almost half, besides savingtime.

"With the Indian courts overburdened, the online dispute resolution methodwould reduce the pressure on the courts and bring down the cost oflitigation and time required," Minister of State for Consumer Affairs andFood Akhilesh Prasad Singh said at a symposium organised byearbitration.Net here.

The company would initially provide this service to its clients and plans to

expand further.

"It is like other dispute resolution mechanisms but it is an online service. Itwill benefit consumers and companies in retail, finance and FMCGsegments which have large customer base," Legal Vistas Advocate PartnerSyed Kamaran Razvi said.

The award passed by the forum will be legally binding under the Arbitrationand Conciliation Act 1996.

--- PTI

Article Title: Legal Vistas launches portal for online disputeresolution

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