Commercial Court
Govt floats Bill to set up dedicated commercial courts at district level
The Union law ministry has floated a draft Bill to amend the Commercial Courts Act which, among other things, proposes setting up of "dedicated" commercial courts at the district level. Seeking views of the public on the proposed amendments, the department of legal affairs in the law ministry has said that the aim is to provide further impetus to "quicker and specialised adjudication" of commercial disputes and "simplification of the applicable procedure" related to commercial dispute resolution in courts. According to the prevailing sub-section (1) of Section 3 of the Act, the state government after consulting the high court concerned constitutes such number of commercial courts at the district level as it may deem necessary. The proposed sub-section (1) of Section 3 of the draft 'The Commercial Courts (Amendment) Bill, 2024,' states that the state government, after consulting the high court concerned, can constitute such number of commercial courts at the district level, "includin
 "Govt floats Bill to set up dedicated commercial courts at district level")
HC asks officials to respond to plea to set 42 commercial courts in Delhi
The Delhi High Court on Friday sought the responses of its administrative side, the city government and the Centre on a petition seeking directions to set up 42 more commercial courts in the national capital to ensure a speedy redressal of commercial cases. A bench of Chief Justice Satish Chandra Sharma and Justice Subramonium Prasad issued notices to the high court through the registrar general, the Delhi government and the Centre and granted four weeks' time to file their replies on the plea moved by advocate Amit Sahni. The public interest litigation (PIL) matter has sought directions to authorities to set up 42 commercial courts, as notified by the Delhi government on April 13, 2021 in furtherance of its cabinet decision of March 22, 2021. "The efficiency of the legal system and the time taken to resolve commercial disputes are extremely important factors in deciding the growth of investment and overall economic and social development of the nation. "The delay caused in the ...
 "HC asks officials to respond to plea to set 42 commercial courts in Delhi")
No Sebi nod needed: Adani Group counters NDTV promoters' defence
VCPL said the contentions raised by RRPR Holdings in a letter are baseless, legally untenable and devoid of merit.
 "No Sebi nod needed: Adani Group counters NDTV promoters' defence")
Commercial courts: Little progress on speedy case disposal seven years on
Experts say taking a leaf out of the book of foreign justice systems may help address the problems these courts are facing
 "Commercial courts: Little progress on speedy case disposal seven years on")
Insolvency regulator working to bring mediation in insolvency cases
A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.
 "Insolvency regulator working to bring mediation in insolvency cases")
Ease of Doing Biz: Ordinance on commercial courts may not improve ranking
The courts and commercial divisions set up under the same, consequently, do not have more than two years of experience
 "Ease of Doing Biz: Ordinance on commercial courts may not improve ranking")
