Indias corporate litigation domain is on the verge of a major overhaul as the National Democratic Alliance (NDA) government seeks to improve the ease of doing business with a series of measures to accelerate dispute resolution.
Over the last two years, the government has already unveiled a number of measures to ensure that the time taken to resolve disputes comes down, seeking to discard Indias reputation of being a country where litigation drags on for years.
The government has amended the arbitration law, passed the commercial courts bill, brought in the Insolvency and Bankruptcy Code and notified the National Company Law Tribunal (NCLT)all aimed at ensuring faster disposal of cases. The tax departmentconsidered one of…
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