Chandigarh-based Jupitice Justice Technologies has originated the country’s first private digital platform to direct virtual arbitration, conciliation, mediation, and other Alternative Dispute Resolution (ADR) mechanisms.
Without engaging a physical interaction between the process and manner, the startup has launched and directed an online service marketplace for the dispute resolution sector that presents a platform to find arbitrators, mediators and other justice service providers and also renders an end-to-end ADR mechanism completely online.
Raman and Anju Aggarwal the couple co-founders have initiated this startup’s advisory board that includes Justice Ranjit Singh, former judge of Punjab & Haryana High Court and Justice SL Bhayana, former judge of Delhi High Court amongst others.
Raman Aggarwal, Founder, and CEO of Jupitice stated that “It is a new justice order where all parties involved are happy. Unlike a litigation process, justice through ADR mechanisms is quick, less stressful, cost-effective and results in a mutual settlement maintaining a healthy business relation,”.
Currently, As per the National Judicial Data Grid (NJDG), all the courts possess over 32.2 million pending cases. This comprises 4.8 million cases in 25 high courts and about 1.5 lakh cases in the Supreme Court. Similarly, as per the newest Insolvency & Bankruptcy Board of India (IBBI) data, about 4,008 cases were reported under the Corporate Insolvency Resolution Process (CIRP) from the time of beginning and out of those cases 1,942 cases are still pending in several NCLTs.
“I think the time is ripe for ODR (Online Dispute Resolution) to disrupt the legal market,” said Dr Akshaya Kamalnath, senior lecturer at the Australian National University. “This will help in countries like India where the backlog of cases can have real consequences. A platform that connects justice providers with justice-seekers may also highlight more women and younger justice providers.”
Given these facts, many parties are inclined to opt for the ADR mechanism to solve their disputes.