LS passes commercial courts Bill

The Lok Sabha on Wednesday passed the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts (Amendment) Bill, 2018.

It will designate some courts as commercial courts for speedy disposal of commercial disputes and will reduce the pecuniary jurisdiction of these courts from Rs. 1 crore to Rs. 3 lakh.

Minister of Law and Justice Ravi Shankar Prasad said this was aimed at improving the ease of doing business in India.

Source : https://www.thehindu.com/todays-paper/tp-national/ls-passes-commercial-courts-bill/article24577006.ece

About ChinmayaIAS Academy - Current Affairs

Check Also

HUMAN DEVELOPMENT INDEX

CONTEXT: India ranked 131 among 189 countries on the Human Development Index (HDI) for 2019, …

Leave a Reply

Your email address will not be published.

Get Free Updates to Crack the Exam!
Subscribe to our Newsletter for free daily updates