Similarly, a District Municipal and Judicial Magistrate Court has been set up at Annur, Coimbatore. The inauguration of these new courts took place recently.
Coimbatore: On Saturday, a Commercial court has been set up at the Corporation Social Welfare Center in Coimbatore to hear commercial legal cases. Similarly, a District Municipal and Judicial Magistrate Court has been set up at Annur, Coimbatore. The inauguration of these new courts took place recently.
The new courts were inaugurated by Madras High Court’s Acting Chief Justice (ACJ) T. Raja. He examined the online proceedings of the Commercial Court. Later, the opening ceremony was held at the Tamil Nadu State Judicial Academy at Racecourse. Principal District Judge, Coimbatore K. Rajasekar was part of the inaugural ceremony.
Madras High Court’s Acting Chief Justice (ACJ) T. Raja said, "The Commercial Courts Act 2015 was revolutionary. 23 Sections of the Commercial Court Act were brought in to make the country's economy vibrant. In the new commercial court, cases can be resolved within 6 months. Likely, this court practice will soon be followed by civil courts hearing other cases."
"Commercial cases are first taken up in conciliation and, if not settled there, are taken to court. It can provide an easy solution for those who have lost money. Commercial Courts help in the economic development of the country. The Indian legal profession will soon be appreciated by all.
He noted that 63 lakh cases have been resolved across India, and 14 lakh cases have been resolved in Tamil Nadu. That is, 21 per cent of the cases were resolved and Tamil Nadu stood first in the number of cases resolved in the country. In the year 2019, TN brought the status of zero pending cases in Chennai and Madurai High Courts. At present only cases registered for 2 to 3 years are pending.
During the pandemic, Tamil Nadu topped the list in solving the most cases in the last 2 years from 2020 to 2022.
Speaking earlier, the chairman of the Committee for Restructuring of the commercial courts M. Sundar said that since the enactment of this Act, India has rapidly progressed from 158th place in the world to being among 10 countries in the handling of commercial cases.
The new courts were inaugurated by Madras High Court’s Acting Chief Justice (ACJ) T. Raja. He examined the online proceedings of the Commercial Court. Later, the opening ceremony was held at the Tamil Nadu State Judicial Academy at Racecourse. Principal District Judge, Coimbatore K. Rajasekar was part of the inaugural ceremony.
Madras High Court’s Acting Chief Justice (ACJ) T. Raja said, "The Commercial Courts Act 2015 was revolutionary. 23 Sections of the Commercial Court Act were brought in to make the country's economy vibrant. In the new commercial court, cases can be resolved within 6 months. Likely, this court practice will soon be followed by civil courts hearing other cases."
"Commercial cases are first taken up in conciliation and, if not settled there, are taken to court. It can provide an easy solution for those who have lost money. Commercial Courts help in the economic development of the country. The Indian legal profession will soon be appreciated by all.
He noted that 63 lakh cases have been resolved across India, and 14 lakh cases have been resolved in Tamil Nadu. That is, 21 per cent of the cases were resolved and Tamil Nadu stood first in the number of cases resolved in the country. In the year 2019, TN brought the status of zero pending cases in Chennai and Madurai High Courts. At present only cases registered for 2 to 3 years are pending.
During the pandemic, Tamil Nadu topped the list in solving the most cases in the last 2 years from 2020 to 2022.
Speaking earlier, the chairman of the Committee for Restructuring of the commercial courts M. Sundar said that since the enactment of this Act, India has rapidly progressed from 158th place in the world to being among 10 countries in the handling of commercial cases.