Govt floats Bill to set up dedicated commercial courts at district level

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Govt floats Bill to set up dedicated commercial courts at district level - Business Standard

Quick Summary:

Seeking views of the public on the proposed amendments, the department of legal affairs in the law ministry has said that the aim is to provide further impetus to "quicker and specialised adjudication" of commercial disputes and "simplification of the applicable procedure" related to commercial dispute resolution in courts.

The Union law ministry has floated a draft Bill to amend the Commercial Courts Act which, among other things, proposes setting up of "dedicated" commercial courts at the district level.

According to the prevailing sub-section (1) of Section 3 of the Act, the state government after consulting the high court concerned constitutes such number of commercial courts at the district level as it may deem necessary.