COMMERCIAL COURTS ACT, 2015: AN APPRAISAL
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Keywords:
Agreement, Commercial, Courts, Disputes, ValueAbstract
The act was enacted by the Parliament for the formation of commercial divisions in the different high courts, and commercial courts at concerned district level. The act is a kind of ascendancies of Make in India regime for speedy execution of commercial disputes. Beholding to the unresolved litigation in India, there is a requirement for swift mechanism for recovery of claims and the compensation for damages suffered. This article is an attempt to highlight such grey areas which imbibe under the commercial regime and lay down the relevant provisions of the act which acts as a saviour in the present times governing commercial disputes and claims.
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