Law Min bats for speedy disposal of commercial disputes

Union Law and Justice Minister D V Sadananda Gowda today emphasised on the need for a judicial system that ensures speedy disposal of commercial disputes, including through arbitration, to accelerate the economic growth and development.
The minister was speaking at a seminar on 'Law and Good Governance' organised by the Law Department of the Panjab University.
"In order to accelerate the economic growth and development, we need to have a judicial system which ensures speedy disposal of commercial disputes, including arbitration in commercial cases," he said.
He said the Centre is committed to making arbitration as a preferred mode for settlement of commercial disputes by making it more user-friendly, cost effective and expeditious mechanism for disposal of cases.

The Law Commission of India in its 246th Report has recommended various amendments in the Arbitration and Conciliation Act, 1996, he said, adding, taking into consideration those recommendations, the Centre decided to amend the Arbitration and Conciliation Act, 1996.
"The proposed amendments in the Act would facilitate in achieving the desired goals," he said.

The country is committed to improve its legal framework to obviate disposal of cases and proposed amendments are a step in this direction, he said.
The Law Commission of India has also submitted its 253rd Reports on 'Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill, 2015'.

The Law Commission it its Report has recommended for the establishment of commercial courts at various places and commercial divisions and commercial appellate divisions in the high courts in order to ensure speedy disposal of high value commercial lawsuits, he said.
"Our government has under consideration fast implementation of the recommendations of the Law Commission within our constitutional scheme and framework," he added.
Cleaning of our statute book is also necessary for good governance, he said.
Repeal of outdated and other laws which have lost their utility is an exercise which the centre Government is committed to do, he said.

Recently Lok Sabha passed Repeal and Amending Bill, 2014. Soon a comprehensive bill to repeal more than 700 Acts including Appropriate Acts will be introduced in Parliament, he said.