Pic: PIB
The Indian department of justice recently launched an exclusive ‘enforcing contracts portal’, a comprehensive source of information related to the legislative and policy reforms being undertaken on the ‘enforcing contracts’ parameters laid down by the World Bank, which ranks ease of doing business (EoDB) in 191 nations. Currently, only Delhi and Mumbai in India are under the purview of the EoDB survey by the World Bank.
During this World Bank evaluation, the ‘enforcing contracts’ indicator is an essential indicator that measures time and cost to resolve a standardised commercial dispute as well as a series of good practices in the judiciary.
The EoDB index is a ranking system that indicates an economy’s position relative to that of other economies across 11 areas of business regulation.
The department of justice under the ministry of law and justice has been monitoring an array of legislative and policy reforms to strengthen the ‘enforcing contracts’ regime for EoDB in India in coordination with the e-committee of the Supreme Court and the high courts of Delhi, Bombay, Kolkata and Bengaluru.
In close collaboration with all these, the department has been aggressively pursuing various reform measures to create an effective, efficient, transparent and robust contract enforcement eegime, according to a press release from the department.
The portal contains features like links of dedicated commercial courts in Delhi, Mumbai, Bengaluru and Kolkata; instructive videos related to e-filing, advocate registration; manuals on using electronic case management tools (ECMTs) like JustIS app for judicial officers and e-courts services app for use by lawyers; and a repository of all related commercial laws.
The portal also hosts online reporting by all high courts regarding the mediation and arbitration centres annexed to commercial courts to monitor and promote institutional mediation and arbitration.
Fibre2Fashion News Desk (DS)
India recently launched an 'enforcing contracts portal', where information related to the legislative and policy reforms being undertaken on the 'enforcing contracts' parameters of the World Bank can be posted. The bank ranks ease of doing business (EoDB) in 191 nations. Currently, only Delhi and Mumbai are under the purview of the EoDB survey by the Bank.