A Bill aimed at creating commercial benches in select high courts to settle Introduced in Lok Sabha
Mon 07 Dec 2015, 18:55:59
NEW DELHI: A Bill aimed at creating commercial benches
in select high courts to settle high value commercial disputes was introduced
in the Lok Sabha today. In October, government had promulgated the Commercial
Courts, Commercial Division and Commercial Appellate Division of High Courts
Ordinance, 2015, when a bill in this regard was pending with a Parliamentary
Standing Committee. The Bill, moved by Law Minister D V Sadananda Gowda, seeks to replace
the ordinance. The proposed law comes amid keenness of the government to attract the
greater foreign investment. Certain foreign companies were said to be hesitant
to do business in India because of the long-drawn litigations.
style="font-size: 9pt; line-height: 115%; font-family: Arial, sans-serif;"> The Prime Minister has been stressing on steps to promote ease of doing business in India. From October 23, the day the ordinance on the bill came into force, all pending su . The Commercial Divisions will exercise jurisdiction over all cases and applications relating to commercial disputes. The Commercial Division shall have territorial jurisdiction over such area on which it has original Jurisdiction Commercial Courts, which will be equivalent to district courts, are to be set up in states and Union Territories where the high courts do not have ordinary original civil jurisdiction.
style="font-size: 9pt; line-height: 115%; font-family: Arial, sans-serif;"> The Prime Minister has been stressing on steps to promote ease of doing business in India. From October 23, the day the ordinance on the bill came into force, all pending su . The Commercial Divisions will exercise jurisdiction over all cases and applications relating to commercial disputes. The Commercial Division shall have territorial jurisdiction over such area on which it has original Jurisdiction Commercial Courts, which will be equivalent to district courts, are to be set up in states and Union Territories where the high courts do not have ordinary original civil jurisdiction.
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