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Introduction of Product:
Earbitration.net and eadrline.com are the two online dispute resolution portals based
in India and US (global portal). Our two sister companies have been running these
portals. Miftah, has jointly developed and pioneered the Low cost ecourt room
technology.
Further to facilitate Low cost and affordable but high tech arbitration center, it is
proposed to put a combination of centres all over India as to cuts costs and travel for
conventional arbitration. Our aim through this scheme is to resolve disputes even of
smaller denominations to facilitate speedier adjudication of business and commercial
contracts through this Arbitration Centre.
Today approximately 10000 quality arbitrations happen daily in India and then there
are arbitrations (works contracts, MTNL, BSNL, etc) which are happening on same
number scale or even higher, but of lower values around 5 to 50 lacs. In construction
Industry alone due to lack of sophisticated use of technology to facilitate arbitration,
about 3500 Crores are stuck in disputes.
Any quality arbitration has minimum costs of Rs.5 lacs and Arbitration Centres across
India will cut it to more than halve at the current rates.
What this centre offers is admix of technology and web-based processes, settings:
design to requirement and need of arbitration, ambience and process of eservice of
documents to cut investments, save heavy costs, travel, time and man hours,
professional support and Arbitrators.
These centres will connect METRO GRID and also International Grid for the first
time of Arbitration Centres.
These Arbitration centres will work as the profit centre for the host institution. As host
institution OUR criteria is to look for established brands with hosting facilities which
meet the Business standards of décor, appearance and approach along with other
peripherals like catering, house keeping and maintenance staff.
At Profit Center the designing is done by our team and installation of all equipment
will be undertaken by the software and hardware engineers on the unique Court room
design.(visit www.ecourttech.com)
Hosting Institution provides a suitably furnished (to specs provided) space having a
minimum dimensions of 30 x 60 feet and small office room for two people. A larger
space is always welcome. This will be a permanent room with permanent settings and
features and will be designed by MIFTAH. This Centre can be otherwise used for
video conferencing facility only for Business meets or conference broadcasts as well.
(Hosting and Installation initial investment will be Rs.15-20 Lacs (depending on
features) and 20% of this amount for yearly up-gradation on given technological setup
+ hardware AMC costs).
Hosting Institution can use for other permitted usages only if the Arbitration center
has not been booked for the facility use agreed for.
Hosting Institution also provides resources for hardware installation and leased line or
broad band at its own cost according to specs provided. (Rs.5000 or 3500 p.m.
depending on option and service provider as on April, 2009)
Contribution of MIFTAH:
Maintenance
Costs will be covering administrative costs, fixed capital costs, electricity and
maintenance of equipment and premises.
Publication of Arbitration center details on host institution web site and link to
Earbitration.net and for different online facilities.
Host institution will make available its set of staff for training to handle equipment,
whenever so desired.
FEES Structure ;
Administrative FEES, per usage fees based on hourly system and the Other portal
fees. The amount will be available on request and costs formula will be dependant on
few variables like size of center, facilities available etc. Taxes will be shareable in
proportion of profits and TDS will be deducted. Taxes directly leviable on services
provided by Arbitration Center will be shared only but not other taxes leviable on
Hosting institutions for such facilities.
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Note 1:
The investment estimations are valid for three months from the month of issue of
proposal and is subject to revision thereafter.
Note 2:
In case of similar facility is existing then if find suitable to specs for Arbitration
Center they can be put to use with modifications and improvisation costs to hosting
institutions.
Note 3:
Hardware can be installed by Hosting on their own by to the specs provided the
requirements by suppliers are met including AMC etc.
(Sanjeev Deo)
Director-Arbitration Center