40 Projects Worth Rs 4 Lakh Crore Under Litigation In India
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In what could be dampener for the Modi government’s Make In India campaign, over 40 projects collectively valued at Rs 4 lakh crore are involved in legal disputes in different courts and tribunals.According to a study done by
If statistics are to be believed then the
“We have made some recommendations regarding the litigation processes in India. The government must create better infrastructure, quickly fill up vacancies of judges as well as provide clarity regarding the role of appellate tribunals. Since the IPR regime is gaining importance and has caught the attention of the global investors, there should be special benches for IPR cases,” he noted.
The chamber has also emphasized on amending the
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“The SC of India in consultation with the government should come out with a policy under which Trial Courts are asked that the cases – civil or criminal, which are pending under the Trial Courts for more than 20 years be closed,” said Rawat.
The chamber also asserted that the cases filed under arbitration should be closed within a year; and if there is any further delay, then the case should be subject to the relevant High Court or the SC.
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