The Commercial Courts Act, 2015 is the Act later in time and therefore when the Act, 2015 has been enacted, more particularly Sections 3 & 10, there was already a provision contained in Section 2(1)(e) of the Arbitration and Conciliation Act, 1996 -- As per settled position of law, it is to be presumed that while enacting the subsequent law, the legislature is conscious of the provisions of the Act prior in time and therefore the later Act shall prevail -- There cannot be two fora with respect to different commercial disputes.

(SC) Decided on: 19.10.2022