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