Two ordinances cleared to allow speedy settlement of commercial disputes
New Delhi: The government on Wednesday okayed an Ordinance to allow speedy settlement of commercial disputes in the country in an effort to ensure it becomes easier to do business. It also gave the green signal to another Ordinance, on the creation of commercial divisions of high courts.
Official sources said the Union Cabinet, chaired by Prime Minister Narendra Modi, cleared ordinances to amend the Arbitration and Concilition Act and bring into force the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015, pending before a parliamentary standing committee.
Order on commercial disputes:
The government on Wednesday okayed an Ordinance to allow speedy settlement of commercial disputes in the country and also gave the green signal for the creation of commercial divisions of High courts.
