Telangana State Trade Promotion Corporation Ltd, A Govt. of T.S. undertaking is engaged in promotion of trade, creation of trade logistics and trade promotions infrastructure in the state.
The need for quick dispensation of justice in India has come under great stress due to several reasons, mainly for the huge pendency of cases in courts underlining the need for Alternative Dispute Resolution (ADR) methods. The Government of India has provided a new forum and procedure for resolving international and domestic commercial disputes quickly by promulgating relevant Acts.
ADR techniques have been proven to work in the business environment, especially in respect of disputes involving joint ventures, construction projects, partnership differences, intellectual property rights, personal injury, product liability, professional liability, real estate securities, contract interpretation and performance and insurance coverage.
The disputants evincing more interest in alternative dispute resolution mechanism, which provided procedural flexibility, save valuable time and money and avoid the stress of conventional methods of settling the disputes through courts.
TSTPC, therefore, sensing the need for proper places for holding arbitration proceedings in Andhra Pradesh, has taken this initiative to provide a well-equipped, arbitration hall and other related facilities to support and augment the existing facilities in Telangana Sate for amicable settlement of disputes through arbitration process.
In the above background, TSTPC has established CADR.
The CAD is the infrastructure facility created for smooth conduct of arbitration proceeding in a congenial environment. Secretarial assistance and other related facilities are available for the Arbitrator and other legal officers/advocates and their clients in the CADR.
All disputes-commercial, civil, labour - in respect of which, the parties are entitled to conclude a settlement under ADR system can utilize the facilities available at TSTPC-CADR for the arbitration proceedings.
A Weel equipped Arbitration Hall with Air condition, Audio Visual facilities
Well-furnished Retiring room for the arbitrators.