New Delhi, July 10 (ANI): Union Law and Justice Minister M Veerappa Moily has said the Central Government has planned to bring in second generation legal reforms that would get rid of litigation delays sharply in the country.
"Now in the second stage, we would like to introduce the second generation legal reforms. At present litigation in India involves delay of over 15 years. The Government would like to reduce this delay to less than three years," said Moily.
Moily said the government would also bring measures to advance the quality of the judiciary by reforming the legal education system and make the country the most preferred destination for investors by setting up international arbitration courts with a mandate to dispose off any litigation within a year.
"The Commercial Court Bill would soon become a law, paving the way for speedy disposal of cases through arbitration," he added.
Moily further said the amendment of the Arbitration and Conciliation Act would remove the distractions and make the legislation more vibrant.
"The Government of India would like to improve quality of the judiciary through reforming the legal education. We need to make India the most preferred destination of investment," he added. (ANI)