New Delhi, May 25 -- Establishing a centralised oversight institution for tribunals would be a transformational step towards making India's justice delivery system more responsive, efficient, and future-ready, directly contributing to boosting regulatory credibility, improving ease of doing business and enhancing investors' confidence, said industry body Confederation of Indian Industry (CII).

Even though tribunals have traditionally been playing a pivotal role in adjudicating a significantly large volume of cases in certain critical areas such as labour, environment, and taxes, they are yet to have a centralised oversight mechanism that will ensure uniformity, policy coherence, and improvement in their overall performance, said the indu...