{"id":29701,"date":"2015-12-21T14:18:57","date_gmt":"2015-12-21T08:48:57","guid":{"rendered":"http:\/\/www.scconline.com\/blog\/?p=29701"},"modified":"2020-11-25T20:32:11","modified_gmt":"2020-11-25T15:02:11","slug":"commercial-courts-commercial-division-and-commercial-appellate-division-of-high-courts-ordianance-2015-a-critical-appraisal","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/21\/commercial-courts-commercial-division-and-commercial-appellate-division-of-high-courts-ordianance-2015-a-critical-appraisal\/","title":{"rendered":"Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015: A Critical Appraisal"},"content":{"rendered":"

Notorious for its bursting roster, the Indian judiciary has recently been put in the limelight for its less than speedy delivery of justice. The inefficiency of our legal system has made the Indian economy a harsh place for foreign as well as domestic investment to prosper leading to potential investors moving towards more investor-friendly nations. Thus, there has been a knocking need of an efficient dispute resolution mechanism for enforcement, award and recovery related to business matters. With the infusion of foreign direct investment (the \u201cFDI\u201d) in the Indian economy thanks to the Modi-driven initiatives, there existed a very visible vacuum for the resolution of commercial matters. The\u00a0Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015 (the \u201cOrdinance\u201d) was recently promulgated by the President on 23?10-2015. The Ordinance has been designed as per the lessons learnt from similar legislations in the United Kingdom, Singapore, France and United States of America.<\/p>\n

The Indian legal system had never envisaged designated commercial courts before, and thus the Ordinance comes as a breath of fresh air to the litigation-harried souls. It was common say to find certain Judges of the District Court and High Court (of original jurisdiction) who primarily heard commercial disputes. However, these Judges never heard such matters exclusively. The Ordinance provides for a specific forum that deals with only commercial matters, and thus is of immense significance to the fostering of our young economy. The article is an attempt by the authors to appraise the Ordinance in light of the need of such infrastructure.<\/p>\n

The Ordinance is critically analysed in Part I<\/strong> of the article. Part II<\/strong> of the article witnesses the conclusion along with the authors\u2019 humble opinion on the promulgation of Ordinance. [Read more…<\/a>]<\/p>\n

<\/a>*Fourth year student, BBA LLB (Business Law Hons.), National Law University, Jodhpur, dhruvasareen@gmail.com.<\/p>\n

** Fourth year student, BBA LLB (Business Law Hons.), National Law University, Jodhpur, shiveshaggarwal94@gmail.com.<\/p>\n","protected":false},"excerpt":{"rendered":"

by Dhruva Sareen and Shivesh Aggarwal. Cite as:2015 SCC OnLine Blog OpEd 4<\/p>\n","protected":false},"author":3,"featured_media":29711,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[42503,1191],"tags":[],"class_list":["post-29701","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-legal-analysis","category-op-ed"],"yoast_head":"\nCommercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015: A Critical Appraisal | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.scconline.com\/blog\/post\/2015\/12\/21\/commercial-courts-commercial-division-and-commercial-appellate-division-of-high-courts-ordianance-2015-a-critical-appraisal\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015: A Critical Appraisal\" \/>\n<meta property=\"og:description\" content=\"by Dhruva Sareen and Shivesh Aggarwal. 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