Srinagar, Oct 7: Chief Justice of J&K High Court, Justice Gita Mittal on Sunday described the ‘Mediation’ as a game changer alternate medium of delivering justice and called for its optimum use by the judges and lawyers.
She said the judges and lawyers should make earnest efforts to engage the parties to take the path of mediation in addressing their issues/disputes, adding that this can also help in reducing the pendency of chronic cases.
Speaking at the valedictory session of the 3-day State-level intensive Mediation Workshop at SKICC this evening, the Chief Justice said the workshop was a great opportunity and platform for the judges and lawyers to learn latest techniques of mediation and issues related to it in a very meaningful way from the eminent experts and hoped that the experiences gained by the participants from the workshop will be practically used by every individual in their day to day functioning.
Stressing the need for organizing such programmes for the judges and lawyers on regular basis, the Chief Justice said that refresher trainings are must for everyone to hone his/her skill to enhance the capacity and capabilities to meet the emerging challenges in the field of judiciary.
Such events can be path breaking, especially for the budding judges and lawyers. She said High Court of Jammu and Kashmir is making every effort to promote a robust system of alternate dispute resolution in the State to ensure speedy justice to all.
She lauded the efforts of Mediation and Conciliation Committee of the Jammu and Kashmir High Court for organizing this important event and bringing the experts from across the globe to train the lawyers and judges in the State in mediation skills.
She extended her gratitude to the Judges of J&K High Court for their active participation and making this workshop a grand success.
She also extended her special thanks to the Resource Persons, who have come all the way from different parts of the country and abroad for gracing the occasion and providing training to the judges and lawyers on the mediation.
Justice M K Hanjura, Member Mediation and Conciliation Committee of the Jammu and Kashmir High Court summed up the proceedings of the workshop and conveyed his gratitude to all the participants for gracing the occasion and making this important event a success.
He conveyed his special thanks to the Chief Justice, Gita Mittal, Judge Delhi High Court, Justice Hema Kohli, Judges of J&K High Court and Resource Persons and Members of the Mediation and Conciliation Committee and all those who supported the event. He lauded the support of SKICC, Department of Information and Public Relation, Security Agencies, Department of Protocol and other agencies for coordinating in organizing the event.
This 3-day brain storming workshop at SKICC from October 5 to October 7 witnessed as many as nine extensive sessions on varied topics related to the Mediation process in the country which were conducted by the law experts of national and international repute. The experts deliberated in detail and explained to the local judges and lawyers the techniques to encourage and convince the parties to come to the negotiation table for resolving their issues/disputes through the alternate medium of Mediation.
The experts highlighted the importance of this alternate justice providing system by conducting a very effective practical ‘role play’ by judges, advocates and parties to inspire the local judges and advocates to adopt this non-conventional alternate system to provide speedy justice to the people in Jammu and Kashmir as the Mediation method is being used in many countries and majority of cases are being dealt through the process of Mediation. The speakers stressed the need for promoting and encouraging the mediation system and its optimum use to save the people from the huge cost expenses and time constraints.
On the concluding day, two sessions on the topics “Ethics” and “Case Appropriate and Inappropriate for Mediation Settlement Writing/Non-Settlement/Non-Starter” were conducted. The first session for the judges was chaired over by Justice Sanjeev Kumar while as Justice Sindhu Sharma presided over the Lawyers’ session.
The second session for the judges and Lawyers’ was presided over by Justice TashiRabstan and Justice Dhiraj Singh Thakur respectively. During these sessions, deliberations were held on sanctity of mediation settlement agreement, steps in writing of a settlement agreement, precautions for mediators while drafting a settlement agreement, impartiality, conflict of interests, duties to third parties etc .
Joint Hurriyat hails Pak SC’s ruling on Kashmir, GB
Srinagar, Jan 20: Joint Hurriyat Leadership comprising Syed Ali Geelani, Mirwaiz Umar Farooq, and Yasin Malik Sunday held a meeting at the octogenarian leader Geelani’s residence.
At the meeting, the leadership, as per a statement, expressed satisfaction over the verdict announced by the seven judge-bench of Pakistan Supreme Court that upheld the disputed status of Jammu and Kashmir and directed the Pakistan government to provide more citizenship, legal and social rights to the people of Gilgit and Baltistan (GB) besides stating that the lingering dispute of J&K be resolved by means of plebiscite.
“Pakistan Supreme Court in its fresh verdict has laid stress on the fact that till the issue of Kashmir stands unresolved, Pakistan and India must ensure that the people of this region enjoy maximum rights for areas within each country’s control,” the statement read.
At the meeting, the leadership expressed serious concern over the “perpetual incarceration” of many political prisoners languishing in Indian jails and the ill plight and inhuman treatment meted out to Kashmiri political prisoners lodged in various jails including Tihar Jail ,Kathua, Udhampur, Kotbalwal, Samba, Haryana, Rajasthan, Jodhpur and other prisons stating that world organizations should take strong note of the condition of Kashmiri prisoners lodged in these prisons and how legal processes and procedures are misused to detain them and prolong their detentions.
JK Bank quarterly results: Market experts predict 65% long-term upside potential
Srinagar, Jan 20: J&K Bank results for the third quarter have come up with numbers having enough indicators to tell the market pundits that the bank is bound to see a positive growth in the coming days, starting the current quarter.
The bank has exceeded expectations according to the market experts who say the numbers are quite assuring and the script is being strongly recommended for buying with upside potential of 65% in the long term.
As per recommendations by major broking houses like Prabhudas Leeladhar, ICICI Direct, Anand Rathi and Elara Securities, the bank looks strong in long term perspective. At the current price the stock is a great investment opportunity to those interested in the stock market.
Commenting upon the expected move of J&K Bank, Rakesh Kumar, Analyst at Elara Securities said in a written statement: “Jammu & Kashmir Bank’s operating performance was above market estimates as margin improved by 22bp QoQ (basis points Quarter-on-Quarter) due to higher credit yield.”
Kumar, as per the statement, said that lower-than-expected provisions and higher operating profit beat “led to significantly higher net profit of Rs 1.07bn versus our estimates of Rs 0.17bn.”
He added on the balance sheet front, credit grew by 12 per cent YoY while deposits witnessed growth of 18 per cent YoY.
“Within deposits, the rest of India’s (RoI) term deposits grew at an average 48% over the past two quarters, and we believe that such a continued phenomenon will result in increased cost of funds over the long term,” Kumar said.
He said that JKBK has exposure worth Rs 13.5 bn to stress-laden IL&FS Group, of this, the bank has reclassified exposure as sub-standard in Q3FY19, and this resulted in higher slippages at Rs 10.3bn (past two quarters average at Rs 5.1bn), and, as a consequence, both GNPA and NNPA saw a sharp uptick. However, despite higher credit cost, coverage ratio at 66 per cent was close to its past four-quarters average at 68 per cent.
In sync with Elara Securities views, Simi Bhaumik, Technical Equity Analyst (Offficially registered with SEBI) told Zee Business online: “Technically the J&K Bank strip looks strong in long-term perspective. In short-term, the stock has moved from Rs 39 levels to Rs 41 levels. If it breaks the Rs 41-42 levels, it can move for its another resistance at Rs 48. After breaking this level and sustaining above that, one can expect the Rs 65 target.”
Khyber Gulmarg wins best destination hotel award 2018, again
Srinagar, Jan 20: The Khyber Himalayan Resort & Spa, Gulmarg’s first luxury resort, has once again been awarded by Outlook Traveller, India’s prestigious travel magazine.
At the recently held Outlook Traveller Boutique Hotels Awards 2018, the resort was conferred with the Best Destination Hotel Award.
The 3rd edition of the Outlook Traveller Boutique Hotel Awards was held in Haridwar recently where the best boutique properties around the country were awarded for their contribution to the hospitality industry.
The chief guest for the night was Satpal Maharaj, the Minister of Tourism, Government of Uttarakhand.
“We are truly overwhelmed with the response from both guests and traveller writers and of course the eminent jury. This honour is testimony to the hard work by the team at The Khyber ensuring a superlative, international class guest experience and a memorable time in Gulmarg enjoying the natural beauty and activities available all year round,” said Umar Tramboo, MD, Pinnacle Resorts Pvt. Ltd, promoter of The Khyber Himalayan Resort & Spa, Gulmarg.
In a short span, since it opened six years ago, The Khyber Himalayan Resort and Spa has been hugely appreciated for its impeccable service, warm hospitality, and facilities at par with international standards.
The Khyber has consistently received recognition from several hospitality and travel awards including Condé Nast Traveller India, the Last Word in Travel, as Favourite Boutique Hotel –India, for six consecutive years.
In addition to luxurious guest rooms, The Khyber has a Wellness Block, which houses the world-class international spa, The Khyber Spa by L’OCCITANE along with a state of the art gym with the latest equipment, separate steam and sauna chambers for men and women. It also offers an impressive heated indoor pool offering dramatic views of the mountain ranges.
About the Outlook Traveller Boutique Hotel Awards
Outlook Traveller Boutique Hotel Awards 2018 are meant to celebrate an industry that is well in its prime and will remain so long as people seek new experiences and retain their wanderlust.
These are much coveted travel awards, which are given to brands that have left an everlasting impression on their guests through their hospitality and services.
The esteemed jury members along with EY, the process advisors for the event, made the celebrations on the banks of the holy Ganga a great success.
The jury for the 2018 edition was: Aman Nath, chairman, Neemrana Hotels; Dilip Puri, founder & CEO, Indian School of Hospitality; fashion designer Anupamaa Dayal; Anurag Mallick & Priya Ganapathy of Red Scarab Media; and Charukesi Ramadurai, travel writer and blogger.