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Supreme Court Clarifies Commercial Dispute Rules||amlawfirm
11 months ago
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In a recent decision, the Supreme Court of India has provided crucial clarity on the classification of suits as "commercial disputes" under the Commercial Courts Act, 2015. This case revolved around whether a simple money recovery suit can be treated as a commercial dispute, thus falling within the purview of the fast-tracked commercial divisions.
Background of the Case
The case, involving S.P. Velayutham & Anr. versus M/s Emaar MGF Land Limited, originated from a 2018 decision by the Madras High Court. The High Court had classified the suit filed by the respondent as a commercial suit under Section 2(1)(c) of the Commercial Courts Act, 2015, which prompted the defendants to challenge this classification before the Supreme Court.
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