New courts for commercial disputes and real estate

Central Government plans to come up with courts designated for commercial disputes, according to union law minister. He says any case involving more than Rs 2 crores shall be heard by these designated courts. Union government also plans to have tribunals to hear the cases involving Real Estate business to save the investors and middle class families from the pranks of builders.

Both are exemplary moves by the Government. But i wonder whether the exchequer will be having enough breathing space for all these? the same law minister says, Government is planning to amend the Arbitration and conciliation act of 96 so that India becomes the hub of ADR like Paris and Singapore. What shall be the priority of the Government? I say helping even the private parties to institutionalize ADR systems by amending the law would be of great impact in Indian context.

Court system in India

Bibek Debroy has written a series of articles on law reforms. rich in content and exciting;

http://www.financialexpress.com/news/rules-of-the-lawi/514028/1

http://www.financialexpress.com/news/rules-of-the-lawii/514585/

http://www.financialexpress.com/news/rules-of-the-lawiii/515049/

http://www.financialexpress.com/news/rules-of-the-lawiv/515511/

http://www.financialexpress.com/news/rules-of-the-lawv/516682/

i wonder if ADR systems are introduced as in the case of www.adrcentre.in, what will be the savings in GDP of this country?