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National News

Aug 10, 2018
8:17PM

Parliament passes Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Bill, 2018

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Parliament has passed the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Bill, 2018 with the Rajya Sabha approving it today. Lok Sabha had passed it earlier. 

The Bill allows State governments to establish commercial courts at the district level, even in territories where high courts have ordinary original civil jurisdiction. In areas where high courts do not have original jurisdiction, state governments may set up commercial appellate courts at the district level to consider appeals from commercial courts below the level of a district judge. 

Commercial courts and commercial divisions of high courts to adjudicate commercial disputes with a value of three lakh rupees. Earlier it was one crore rupees.

Replying to debate on the Bill, Minister for Law and Justice Ravi Shankar Prasad said, reducing the value from 1 crore rupees to 3 lakh rupees will help small business houses. He said, it will further enhance India’s ranking in the ease of doing business.

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