Supreme Court Clarifies Commercial Dispute Rules||amlawfirm

3 months ago
1

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.

https://www.amlawfirm.in/post/commercial-dispute-or-simple-money-recovery-a-significant-ruling-by-the-supreme-court

Loading comments...