Legalaxy - October 2023

LEGAL MAXIM

Ex-Gratia – 'as a matter of grace or favour'

THE MEDIATION ACT, 2023 RECEIVES THE PRESIDENT ASSENT

Ministry of Law and Justice, vide its notification dated September 15, 2023, has published the Mediation Act, 2023 ("Mediation Act"), subsequent to receiving assent from the President for the same on September 14, 2023. The Mediation Act shall come into force on such date as the Central Government may, by notification, appoint and different dates may be appointed for different provisions. The Mediation Act is a pertinent legislation that has been enacted to promote and facilitate mediation, especially institutional mediation, for the resolution of disputes, commercial or otherwise, to enforce mediated settlement agreements, provide for a body for registration of mediators, to encourage community mediation and to make online mediation as an acceptable and cost-effective process to resolve matters of dispute. The Mediation Act, inter alia, provides for