Thursday, June 29, 2017
News

LS okays setting up commercial courts to boost ease of doing business

   SocialTwist Tell-a-Friend    Print this Page   COMMENT

New Delhi | Wednesday, Dec 16 2015 IST
 
Paving way for faster disposal of commercial disputes, the Lok Sabha today passed Bill empowering government to set up commercial courts exclusively to expedite business disputes, especially those arising among the investors in the FDI sector. The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015, was passed into law by a voice-vote, giving Government the much needed handle to tout its 'ease of doing business' promise to the foreign investors.

The Bill empowers the state governments to set up Commercial Courts, equal in power to district courts, after consulting with their respective high courts, except those states where the high courts are already exercising original civil jurisdiction.

The Bill provides for the Commercial Divisions to be set up in those high courts which exercise ordinary original civil jurisdiction the High Courts of Delhi, Bombay, Calcutta, Madras and Himachal Pradesh. The Chief Justice of that particular high court would have power to set up the Commercial Division.

As for appeals, the Chief Justice of all high courts have been empowered to set up Commercial Appellate Divisions to hear appeals against the order of Commercial Division, Commercial Courts, and appeals arising from domestic and international arbitration matters that are filed before the high courts.More UNI PRA SB RAI1925

-- (UNI) -- C-1-1-DL0384-490980.Xml

Watch News Videos

 
  LATEST COMMENTS (0)
POST YOUR COMMENT
Comments Not Available
 
POST YOUR COMMENT
 
TRENDING TOPICS
 
 
 
CITY NEWS
MORE CITIES
INDIA WORLD ASIA
DU requested to fix glitches in universi...
President summons Rajya Sabha for monsoo...
HC Chief Justice administers oath to two...
Kochi Rubber Market...
Cabinet gives in-principle approval for ...
Cabinet gives 'in principle' approval fo...
More...    
 
 Top Stories
Two soldiers injured in Pakistan fi... 
Blake Lively, Ryan Reynolds urge pa... 
Trump to attend French Bastille Day... 
Attack confirms need for efforts ag... 
Tommy Hilfiger's daughter Ally is m... 
Hamas begins creating buffer zone a... 
Macron to address joint Parliament ... 
My voice suited Akshay Kumar the mo...