LS approves Bill to create commercial benches in HCs
The Lok Sabha on Wednesday cleared a Bill to create commercial benches in select high courts to settle high value commercial disputes, with the government saying the measure is aimed at providing “speedy and time-bound disposal” of cases necessary for accelerating the economic growth.
The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015 was passed by voice vote in the absence of Congress MPs, who boycotted the House over some actions by Arunachal Pradesh Governor.
Replying to the discussion on the Bill, Law Minister DV Sadananda Gowda said the Bill has been brought with the intention of accelerating economic growth and improving the international image of India’s justice delivery system.
The need of the hour is “speedy and time-bound disposal” of cases, he said.
The legislation provides for transfer of all pending suits and applications relating to commercial disputes involving a claim of Rs one crore and above in the High Courts and civil courts to the relevant Commercial Division or Commercial Courts as the case may be.
Commercial Divisions are proposed to be set up in those High Courts, such as those in Delhi, Bombay, Calcutta, Madras and Himachal Pradesh, which are already exercising ordinary original civil jurisdiction. The Commercial Divisions would exercise jurisdiction over all cases and applications relating to commercial disputes.
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