Photo of Saqib Ali

Associate in the Disputes practice at the Mumbai office of Cyril Amarchand Mangaldas. Saqib graduated from the National Law Institute University, Bhopal in 2022 and has been working on ad hoc arbitrations seated in India and commercial litigations. He can be reached at saqib.ali@cyrilshroff.com

Disputes

Introduction

The Government of India (“Government”) had announced a one-time voluntary settlement scheme through the Union Budget 2023-24 to settle contractual disputes involving the Government of India or its undertakings. This voluntary settlement process would also be applicable to disputes that have resulted in arbitral awards or court decrees or court orders upholding arbitral awards (hereinafter collectively referred to as “Award”) under challenge. The scheme is called Vivad se Vishwas II (Contractual Disputes). A draft scheme was published for circulation and was open for public comments till March 8, 2023.Continue Reading Execution meeting spirit of the text will determine success of Vivad se Vishwas II