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Commercial Courts Ordinance

Published on Tue, Nov 03,2015 | 16:58, Updated at Tue, Nov 03 at 16:58Source : Moneycontrol.com 

On 23 October 2015, the President of India promulgated the Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Ordinance, 2015 (Ordinance), effective immediately. The Ordinance provides for the constitution of Commercial Courts at the District level; and Commercial Divisions within all High Courts having ordinary civil jurisdiction The Ordinance applies to all commercial disputes in which the value of the subject-matter of the suit is Rs. 1 crore or more. This ERGO newsletter titled ‘Commercial Courts, Commercial Division And Commercial Appellate Division Of High Courts Ordinance, 2015 Promulgated’ authored by the dispute resolution team at Khaitan & Co., encapsulates the following:

•         Applicability of the ordinance
•         Constitution of Commercial Courts, Commercial Divisions and Commercial Appellate Divisions
•         Transfer of Pending Civil Proceedings
•         Jurisdiction of the Commercial Courts, the Commercial Division and the Commercial Appellate Division
•         Subject-matter of Arbitration is Commercial Dispute
•         Conduct of Proceedings
•         Khaitan & Co.’s comments
Attachments : Commercial Courts - KCO Newsflash.pdf
 
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