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Raipur, November 08, 2024: The Department of Legal Affairs of the Government of India is presently in the process of considering further amendments in the Commercial Courts Act, 2015.
The aim and purpose of the proposed amendments 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.
Ministry of Law and Justice said the Government in its endeavour to ensure resolution of commercial cases expeditiously, efficaciously and at reasonable cost, had enacted the Commercial Courts Act, 2015, and the said Act was further amended in the year 2018.
The Government of India has thereafter also taken various steps, both legislatively and on the policy front, to strengthen the dispute resolution ecosystem in the country.
Government of India is presently in the process of considering further amendments in the Commercial Courts Act, 2015. In view thereof, the Commercial Courts (Amendment) Bill, 2024 and a tabular statement depicting existing provision and proposed amendment have been prepared.
The Department invites comments/feedback from the public as a part of the public consultation exercise on the draft amendments.
The draft Bill and tabular statement can be accessed at https://legalaffairs.gov.in/.
Comments on the draft Bill may be sent by email on avnit.singh[at]gov[dot]in latest by 22.11.2024.
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