Hon’ble Justice Dr.AR.Lakshmanan, the Judge of the Supreme Court, was the chief guest on 15-08-2004 to inaugurate TN Chamber’s flag ship forum, “ Young Entrepreneur School–YES”, a brain child of the President of TN Chamber of Commerce & Industry Mr.S.Rethinavelu. During his inaugural address, Dr.AR.Lakshmanan to the surprise of the entire audience in the Auditorium, packed with chamber members, advocates and judges, said “the traders and industrialists need not approach the regular courts for settlement of their commercial disputes, instead the Chamber could establish an Arbitration Tribunal under Arbitration and Conciliation Act,1996, wherein the commercial disputes could be resolved by arbitrators, like your President, and this would be convenient for the Trade and Industry”. This message was the spark to Mr.S.Rethinavelu, who was a practicing lawyer earlier, to get into action immediately in establishing Chamber Arbitration Tribunal (ChaAT), at Madurai. He was ably assisted by the Treasurer of the Chamber Mr.N.Jegatheesan, who was also a practicing lawyer earlier, and aptly guided by Mr.V.Inbavijayan, Advocate and International Arbitrator, Chennai. ChaAT was inaugurated on 24-11-2007 by the Chief Justice of Madras High Court Hon’ble Justice Thiru. Ajit Prakash Shah.
ChaAT for speedy settlement/disposal of commercial disputes through Mediation/Arbitration by adopting simple and transparent procedure. This is an Alternate Dispute Resolution – ADR. Arbitration agreement should be included as a clause in all your trade agreements/contracts, specifically mentioning to approach ChaAT in case of any dispute.