OrdinancesTwo Ordinances Passed by Union Cabinet To Fuel Ease of Doing Business In India

October 21, 20150

The Union Cabinet, chaired by Prime Minister Narendra Modi, cleared two ordinances to fuel the ease of doing business in India as below :

a ) to amend the Arbitration and Conciliation Act,1996


b) to bring into force the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Bill, 2015 which is pending before a Parliamentary standing committee

The first amendment will result in settlement of a case , under an arbitration , within 18 months.It also fixes a cap on teh fees of arbitrators .

The arbitrators will be bound to spell  out if there is a conflict of interest in a case he or she is taking up.

The later amendemnt is considered to be very significant since it wil result in increasing the Pecuniary jurisdiction  of civil courts to entertain a suit from the existing Rs 20 lakh to Rs 2 crore . This will result shifting of over  12,000 cases to the lower courts .

It is pertinent to note that The Delhi High Court (Amendment) Act, 2015, has received the approval of the President but is yet to be brought into force.

But , implementation of these  amendments and enactments will result in reduction of time to  dispose a case for sure .


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