<h1>India Proposes Vivad se Vishwas II Scheme to Expedite Contractual Dispute Settlements for Government Contracts via GeM Platform.</h1> The Government of India has proposed a scheme to expedite the settlement of contractual disputes involving itself or its agencies, as part of the Union Budget 2023-24 initiatives. The draft scheme, named Vivad se Vishwas II (Contractual Disputes), aims to resolve disputes where arbitral awards are contested in court, offering graded settlement terms based on dispute pendency levels. Eligible disputes must involve financial claims submitted by contractors before September 30, 2022, and exclude cases involving state governments or private parties. The scheme will be implemented via the Government e-Marketplace (GeM) and is open to all contractors, including Central Public Sector Enterprises.