The enactment of the Commercial Courts Act is a step in the right direction in enabling speedy disposal of commercial disputes of specified value
Determined to bring about a positive change in the international perception about the Indian justice delivery system by creating an environment for swift disposal of commercial disputes1, the Indian Government has enacted the Commercial Courts, Commercial Division and Commercial Appellate Division of the High Courts Act, 2015 (the “Commercial Courts Act”). As per the Commercial Courts Act, to resolve commercial disputes wherein the specified value of the subject matter is not less than one crore rupees2, the State Governments will establish Commercial Courts3 at the district level and the Chief Justices of the High Courts will establish the Commercial Division4 and the Commercial Appellate Division5 in their respective High Courts. Pursuant to the Commercial Courts Act coming into force, various State Governments and the Chief Justices of the High Courts have established the required legal framework for the adjudication of commercial disputes. Recently, on November 29, 2017, the Chief Justice of the Madras High Court issued a notification constituting the Commercial Division and the Commercial Appellate Division comprising two Division Benches, one in Madras and the other in Madurai.
Post constitution of Commercial Court, Commercial Division, and Commercial Appellate Division
This story is from the February 2018 edition of Legal Era.
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This story is from the February 2018 edition of Legal Era.
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