The inaugural session of the G D Goenka CIArb (India) International Commercial Arbitration Competition 2019 whichtook place at Hyatt Regency, New Delhi on 8th November, 2019, come to an end with valedictory session held in the university premises on 10th of November. The event was a grand success with an august assembly of renowned legal dignitaries and academicians who shared their thoughts on international commercial arbitration law, legal ethics and importance of arbitration law.
The ceremony began with the lighting of lamps by the dignitaries. Additional Solicitor General of India Dr. Pinki Anand and Dr.Lalit Bhasin President CIArb (India), President, SILF, Chancellor Renu Goenka, Prof. Dr. Suku Bhasakaran President G.D. Goenka University and Prof. Dr. Kim Menzes, Dean School of Law, all graced the opening occasion.
Hon’ble Ina Malhotra, member NCLT was the Chief Guest and Justice P S Narayana was the Guest of honour for the Valedictory session. Mr. Ganesh Chandru, Executive Partner at Lakshmikumaran & Sridharan, Dr. Lalit Bhasin and Justice P S Narayana were kind enough to adjudge the finale. The results were then announced in the presence of the esteemed judges and the awards was distributed. The judges mentioned how each team had definitely put forth their best and how it was definitely a tough call for them.
The Key-note speaker for the day, Dr. Lalit Bhasin, President CIArb (India), President, SILF emphasised on virtues of Arbitration and asked the law teachers to “inculcate a sense of settlement among the students” for him a bad settlement is better than a successful litigation. Dr. Bhasin called each participant a winner who have participated in the International Commercial Arbitration Competition from different universities both national and international.GD Goenka takes immense pleasure to have associated with CIArb (India) and with Dr. Lalit Bhasin, who have been their constant source of support. The ceremony concluded with a vote of thanks by Prof. Dr. Anil Dawra, School of Law, GD Goenka University and he deeply emphasized on the fact that the future lawyers have the potential to calibrate the pulse of Arbitration Law. He expressed his immense gratitude to every single person who was associated to the GD Goenka CIArb (India) International Commercial Arbitration Competition 2019.