STATEMENT OF OBJECTS AND REASONS

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..... vide a mechanism for filing appeal directly to the commercial court or the High Court, as the case may be. 2. The Government of India began the process of rationalisation of tribunals in 2015. By the Finance Act, 2017, seven tribunals were abolished or merged based on functional similarity and their total number was reduced from 26 to 19. The rationale followed in the first phase was to close dow .....

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..... ation versus Union of India and another (2020) SCC Online SC 962 = 2020 (12) TMI 3 - SUPREME COURT. Therefore, further streamlining of tribunals is considered necessary as it would save considerable expense to the exchequer and at the same time, lead to speedy delivery of justice. Accordingly, it is proposed to abolish some more tribunals and transfer the jurisdiction exercised by them to the High .....

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..... public at large, reduce the burden on public exchequer, but also address the issue of shortage of supporting staff of tribunals and infrastructure. 5. The Tribunals Reforms (Rationalisation and Conditions of Service) Bill, 2021, inter-alia, seeks to give effect to aforesaid proposal and provide for the following, namely:- (i) abolition of tribunals or authorities under various Acts by amending .....

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