Commercial Court

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 ...

VCPL said the contentions raised by RRPR Holdings in a letter are baseless, legally untenable and devoid of merit.

Experts say taking a leaf out of the book of foreign justice systems may help address the problems these courts are facing

A source privy to IBBI's discussion said mediation might address the issue of courts delaying the insolvency process.

The courts and commercial divisions set up under the same, consequently, do not have more than two years of experience