Commercial Courts Act, 2015 – Salutary Amendments – Bill of 2024
Commercial Courts Amendment Bill of 2024 – Salient features
Dedicated Courts for commercial suits
Designation of Commercial Courts exclusively deal with arbitration matters
New proviso to Section 12A that the Court shall refer the parties to mediation after an urgent interim relief was sought, has been granted or denied by the Court. The procedure of pre-institution mediation shall apply to such reference.
Section 14 – Filing of appeal only after issuing a prior notice to other party.
New Section 18A – Court to dispose of application for injunction in 90 days
New Section 19A – Proceedings to be held in electronic mode including – issuance, service and execution of summons, examination of witnesses, recording of evidence and all appellate proceedings or any other proceeding may be held in electronic mode or audio video electronic means.
Section 20 – Substituted service – one of the modes is to post summons on the Court’s official website if the defendant is avoiding service.
List of witnesses shall contain all relevant particulars of witnesses including full name, permanent address, address for correspondence, e-mail IDs and phone numbers with facts sought to be proved by the witness and documents sought to be proved by the witness.
Adjournment – Amendment XVII Rule 1 of CPC – New second Proviso that no adjournments may be granted at the behest of the party in whose favour injunction has been granted.
