SC nod for four commercial benches
Kathmandu, December 3:
The Supreme Court today gave its assent to set up commercial benches in four commercial centres across the country to settle disputes relating to commerce and finance.
Biratnagar, Patan, Butwal and Nepalgunj have been chosen for the new facility. The commercial benches will be on a par with appellate courts.
Incidentally, the proposal had been gathering dust for many years. Cases pertaining to Company Act, 2007; Secured Transaction Act, 2007; Insolvency Act, 2007 and Competition Promotion and Market Protection Act, 2007 will be heard in these soon-to-be-opened benches.
“Chief Justice will appoint judges for these benches,” said Til Prasad Shrestha, spokesperson, Supreme Court. It has been decided to assign at least two judges for each bench. Initially, the apex court
had urged the government to set up benches in Hetauda and Pokhara.
The full court adopted court users’ charter, which calls for a three-tier judiciary.
“The charters will be placed in courts across
the country. It will make adjudication systematic since litigants can now avail of useful information,” said Shrestha.
Today’s full court meeting of judges also approved the annual report of the apex court for this
According to the report, courts have disposed of 44.47 per cent of cases this year.
The judiciary has failed to collect Rs 3364757481.90 as fine that was slapped on culprits, stated the report. The cumulative term of sentence works out to a staggering 77,824 years, six months and 11 days.