AGARTALA, April 5 - The Tripura government will soon set up commercial courts in each of the eight districts to resolve commercial disputes in a time-bound manner, an official said here on Tuesday.
Among the eight northeastern States, Tripura would be the first State to set up commercial courts.
According to the Commercial Courts, Commercial Division, Commercial Appellate Division in High Courts Bill, 2015, that was passed by Parliament in December last year and became an Act in January this year, commercial disputes involving a claim of Rs 1 crore or above would be dealt with by the commercial division of the concerned high court or commercial court.
�We have requested the Tripura High Court to issue notification in setting up of commercial courts in all the eight districts of Tripura,� State Law Secretary AK Nath told IANS.
He said: �The High Court can constitute a commercial division and notify setting up of commercial court in the districts headed by district judge or additional district judge.�
According to the official, of the eight districts in Tripura, five districts have district courts and in the remaining three districts additional district courts are functioning. � IANS