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Commercial Litigation
Commercial Litigation
Commercial litigation in India refers to legal disputes arising out of business and commercial transactions. As the Indian economy grows and diversifies, the need for a robust and efficient system to address commercial disputes becomes paramount. Commercial disputes can be addressed in various forums depending on the nature and value of the dispute, including District Courts, High Courts, and the Supreme Court. The Commercial Courts Act, 2015, was introduced to ensure swift resolution of high-value commercial disputes. India emphasizes resolving commercial disputes through ADR mechanisms like arbitration, mediation, and conciliation. The Arbitration and Conciliation Act, 1996, governs the arbitration process, making it a preferred choice for many businesses. With India's increasing engagement in global commerce, cross-border commercial disputes have become prevalent. These often involve complexities like jurisdictional challenges and enforcement of foreign judgments or arbitral awards.