Fresh delays have marred government's plans to set up commercial divisions in high courts to settle high value business disputes as part of its 'ease of doing business' initiative as a parliamentary panel examining the proposed law has been granted another extension.
The department related standing committee on Law and Personnel was to table its report in Parliament on The Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015 by end of July.
But it was granted a month's extension till August 30. Yet again the panel sought a fresh extension till November 30, which has been granted, a Rajya Sabha bulletin said.
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The committee has toured various states to get a feedback from people and legal experts on the various provisions of the bill.
Any progress on the bill -- pending in the Rajya Sabha -- is now possible only in the Winter session which usually starts in the third week of November and continues till the third week of December.
The Commercial Division of High Courts Bill has been pending for a long time. After being referred to a Rajya Sabha Select Committee in UPA's tenure, it was sent to the Law Commission. Based on the law panel's recommendations, the present government re-drafted the bill as part of its 'ease of doing business in India' policy. It was introduced in the Rajya Sabha in April.
The introduction of the Commercial Division and Commercial Appellate Division of High Courts and Commercial Courts Bill was announced by Finance Minister Arun Jaitley in the budget speech.
