2010 (12) TMI 1286 - SC - Companies Law

Summary

Issues involved: Mediation process confidentiality and reporting guidelines.

In the judgment, the Supreme Court emphasized the importance of maintaining confidentiality in mediation proceedings. The Court highlighted that mediation proceedings are confidential and should not be disclosed to the public. The Court stated that if mediation is successful, the mediator should send the agreement signed by both parties to the Court without revealing details of the discussions. However, if mediation fails, the mediator should simply report that the mediation was unsuccessful without disclosing any other information. The Court stressed that revealing details of mediation discussions could compromise the confidentiality of the process. The Court directed that a copy of the order be sent to various mediation centers to ensure compliance with these guidelines. The Court also scheduled the matter for further proceedings in January 2011 at the request of the Appellants' counsel.