The Commercial Division of High Courts Bill, 2009, was recently passed by the lower house of the Indian parliament and has been referred to a select committee for further discussions by the upper house.
The bill is based on the 188th report of the Law Commission of India, 2003, and provides for the establishment of a specialist commercial division in each high court in India dedicated to dealing with certain commercial disputes.
These commercial divisions will work to achieve the speedy disposal of disputes which have a specified value of not less than Rs50 million (US$1.08 million), or higher amounts as notified by the central government in consultation with the relevant state government.
You must be a
subscribersubscribersubscribersubscriber
to read this content, please
subscribesubscribesubscribesubscribe
today.
For group subscribers, please click here to access.
Interested in group subscription? Please contact us.
你需要登录去解锁本文内容。欢迎注册账号。如果想阅读月刊所有文章，欢迎成为我们的订阅会员成为我们的订阅会员。
The legislative and regulatory update is compiled by Nishith Desai Associates, a Mumbai-based law firm. The authors can be contacted at nishith@nishithdesai.com. Readers should not act on the basis of this information without seeking professional legal advice.
