Kolkata, Sep 1 (PTI) The Institute of Company Secretaries of India (ICSI) has plans to set up 20 Alternate Dispute Resolution (ADRs) centres spread across the country over the next 12 months, an official said on Thursday.

These centres will facilitate corporate and commercial dispute resolutions under the guidance of the union law ministry.

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"We are planning 20 ADRs in major cities of India and the trial is beginning today from Hyderabad," ICSI president Devendra Deshpande said in a statement.

Government and courts encourage out-of-court settlements through laid down alternate resolution mechanisms involving arbitration, mediation and conciliation for a speedy resolution of corporate and commercial disputes.

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(The above story is verified and authored by Press Trust of India (PTI) staff. PTI, India’s premier news agency, employs more than 400 journalists and 500 stringers to cover almost every district and small town in India.. The views appearing in the above post do not reflect the opinions of LatestLY)