Two ordinances, one on Constitution of Commercial Courts and another to amend the Arbitration and Conciliation Act 1996, have been promulgated by the President of India. Press Information Bureau of Government of India reports it here.
The ordinance on amendments to the Arbitration and Conciliation Act is expected to carry most of the changes recommended by the 246th Report of the Law Commission of India. See here for more information on the suggestions by the 246th Report of the Law Commission of India.
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