Amid questions raised by Biju Janata Dal (BJD) member Tathagata Satpathy on the urgency to pass the legislation, the Lok Sabha on Wednesday passed a bill to create commercial benches in select high courts to settle high value commercial disputes.
Satpathy demanded that the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts bill, 2015 be referred to the Standing Committee.
“Once the law in enacted, only cases above Rs 1 crore will be handled by commercial courts. By this law, the government is trying to solve problems of very very big business houses while ignoring the problems of MSMEs or startups,” he said and asked the government why it was showing so much urgency on it.
“Who are the benefactors of this legislation? Who are you returning the benefits which you have received two years ago? Name the corporates who will reap the benefit of this legislation? asked Satpathy.
CPM’s MB Rajesh said while the government’s obsession with ease of doing business is well known, it is least concerned about the poor. “It is an effort to serve the interest of corporate.”
Referring to high court acquitting Bollywood star Salman Khan last week on a hit and run case, Vinayak Raut (Shiv Sena) said it raises question on who is responsible for the death that happened.
“When you give relief to someone, it should be the responsibility of the court or the police to look for the guilty as well,” he said.
On its part, the government said the measure is aimed at providing speedy and time-bound disposal of cases necessary for accelerating the economic growth. Law minister DV Sadananda Gowda said the bill has been brought with the intention of accelerating economic growth and improving the international image of India’s justice delivery system.
The legislation provides for transfer of all pending suits and applications relating to commercial disputes involving a claim of Rs one crore and above in high courts and civil courts to the relevant commercial division or commercial courts.