The judiciary cannot remain “oblivious” of economic globalisation and steps are needed to ensure speedy disposal of commercial litigations to ensure that India becomes the “desired destination” for global corporate giants, Chief Justice Dipak Misra said on Tuesday.
“One of the foremost components which the Indian judiciary has to focus on, in order to foster the positive impacts of globalisation for our country, is to ensure speedy disposal of commercial cases so that our country becomes a desired destination for global giants,” he said.
Justice Misra, who was delivering the first Dr APJ Abdul Kalam memorial lecture organised by the Associated Chambers of Commerce and Industry of India (ASSOCHAM) on the topic ‘Role of Judiciary in the Era of Globalisation’, said it is important to harmonise economic growth with the protection and promotion of human rights and reminded the business community that the ventures solely aimed at profit maximisation can never be treated as a good business model.
He said the judiciary can no longer be oblivious of economic globalisation and the courts will have to come out of their jurisdictional compartments to ensure speedy disposal of cases involving corporates.