Commentary on Commercial Courts Act, 2015

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Description
The liberalisation policies are ushering in faster economic growth. The Law too has seen new developments trying to catch up with economy. In a rapidly changing world of technology, practicing law is a big challenge. The evolution of new statutes and procedures for quick adjudication of disputes are the new norm. The age old adage that "wheels of justice turn slowly" is fading. The Parliament recognising the need for a specialised law has introduced "The Commercial Courts Act, 2015" which is a self-contained legislation, departing from the laws that were hereto before applicable, including making it mandatory for the parties to first attempt Mediation even prior to the commencement of the lis. Unlike many other professions, a lawyer while being taught different statutes, seldom has access to working discussions on new developments in Law, but when thrust with a legal situation, is expected to be a master of the subject. My passion for Mediation evinced automatic interest in the twin concepts of Pre-Institution Mediation & Procedural Mechanism of trial before Commercial Courts. My experience as a Trainer in Mediation helped me in analyzing the practical aspects better and understanding the theories of both concepts, which are mostly similar, though may differ in its applications.
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Contents
PART-1
• The Commercial Courts Act, 2015 as amended by The Commercial Courts, Commercial Division &
   Commercial Appellate Division of High Courts (Amendment) Act, 2018 (28 of 2018) with comments
PART -2
• Schedule to CPC 1908 as applicable to Commercial Courts Act with comments.
PART-3
• Practitioners Manual
• Stages, time limit, process, status and effect in Pre-Institution Mediation
• EASY FIND - an index of obligations of parties ie plaintiff, defendant and the role and powers of Commercial
  Court in relation to Commercial Courts Act and schedule to CPC, specially amended for Commercial Court
• STAGE-WISE TRIAL PROCEDURES under Commercial Courts Act
   Amendment of Act 28 of 2018 in Act No. 4 of 2016 - A Chart
• Citations - Subject wise.
PART-4
• Notifications (Central, Karnataka State & Other States)
PART-5
• The Commercial Courts (Pre-Institution Mediation and Settlement) Rules, 2018
• The Commercial Courts (Statistical Data) Rules, 2018
PART-6
• Frequently Asked Questions with Answers
PART-7
• Subject Index
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Author Details
Prashanth Chandra S.N., Enrolled and practicing since 1987. Practicing in High Court, Civil Court, Family Court, Consumer
Forum, Tribunals. Actively practicing in ADR Mechanism and Commercial Courts. Certified Mediator, Bangalore Mediation Centre.
Mediator in Pre-Institution Mediation, Bangalore UrbanDistrict Legal Services Authority. Trainer, Mediation and Conciliation Project Committee, Hon'ble Supreme Court of India. Founder, Vakeela Vaahini, a medium amongst legal fraternity.