The National Company Law Tribunal, can be defined as a quasi-judicial body which was established by the Indian Government to settle disputes arising between civil corporations. The NCLT came to being as a result of the Eradi Committee. NCLT was intended to be introduced in the Indian legal system in 2002 under the framework of Companies Act, 1956 however, due to the litigation with respect to the constitutional validity of NCLT which went for over 10 years, therefore, it was notified under the Companies Act, 2013.

A Commercial dispute is a business dispute. It means a dispute between two businesses or dispute between business and customer/clients. The dispute in enforcement and interpretation of documents in ordinary transactions of merchants, bankers, financiers and traders. Export or import of merchandise or services.

Commercial Courts are defined in Section 2(b) of the Commercial Courts Act, 2015. Any court for the purpose of exercising the powers under the Commercial Courts Act, 2015 which is constituted by State Government at the district level, may after consultation with the concerned High Court by notification. Section 3(3) of the Act, the State governments with the concurrence of the Chief Justice of the High Court appoint one or more persons having experience in commercial disputes to be the judges of Commercial court.