SURESH NARAYAN KADAM vs CENTRAL BANK OF INDIA .

The Supreme Court emphasized the importance of institutionalized mediation as a preferred method for dispute resolution, referencing previous judgments such as Salem Advocate Bar Assn. (II) v. Union of India, Afcons Infrastructure Ltd. v. Cherian Varkey Construction Co. (P) Ltd., and K. Srinivas Rao v. D.A. Deepa. The Court noted that while efforts for amicable settlement were made, the absence of a formal mechanism hindered final resolutions. The judgment encourages the establishment of mediation as a viable alternative to protracted litigation, affirming its necessity in expediting justice delivery.