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Showing posts from August, 2024

The Impact of Online Dispute Resolution (ODR) in 2024: Insights from a Recent Panel Discussion

In the evolving landscape of dispute resolution, Online Dispute Resolution (ODR) has emerged as a significant player. A recent panel discussion hosted by Mohit Mokal, founder of Mohit Mokal Mediation, brought together leading experts to discuss the impact assessment of ODR in 2024. The panelists included Vishwam Jindal, co-founder of Webnyay; Deepika Kinhal, co-founder of the Centre for Online Resolution of Disputes (CORD); and Akshetha Ashok, co-founder of SAMA. 1. ODR's Integration in Regulatory Frameworks A major highlight of the discussion was the implementation of ODR by the Securities and Exchange Board of India (SEBI). Vishwam Jindal emphasized the significance of SEBI's Smart ODR portal, which has revolutionized dispute resolution in India's securities market. The portal has successfully resolved over 3,000 disputes with a total claim value exceeding ₹350 crores. This initiative has set a precedent for other regulatory bodies to incorporate ODR into their frameworks