Indian judiciary, according to National Judicial Data Grid Statistics, has about 3 crores pending cases. Due to its slow pace, many prefer arbitration to solve the issues of dispute settlement, monetary recovery, etc. To encourage foreign investments and promote ease of doing business, faster judicial procedures and efficient dispute resolution are essential. Provisions to settle disputes through arbitration are provided in Arbitration and Conciliation Act, 1996. This law was amended twice: in 2015 and during the recent parliament session.
The government has recently proposed to set up 1,023 Fast-Track Courts (FTCs). This was with the backdrop of Supreme Court in a suo moto petition, issued directions to set up special courts.
The SC stated that the districts with more than 100 cases pending under the Protection of Children from Sexual Offences Act must set up special courts to deal with these cases.
According to National Judicial Data Grid Statistics, there are about 3 crore cases pending in the SC, HCs and the subordinate courts across the country. Focusing on the FTCs to solve this issue is the need of the hour.
Since its establishment, these special courts have disposed of more than three million cases. However, FTCs is currently decreasing and its potential is not fully realized as it lacks basic infrastructure, technological resources, and manpower.