Delhi HC transfers all commercial suits valued at Rs. 2 crore or less to District Courts
The Delhi High Court issued a circular to implement Commercial Courts, Commercial Division and Appellate Division of High Courts (Amendment) Act 2018, the Delhi High Court has transferred all commercial suits valued at or below Rs. 2 crore pending before it to the respective District Courts.
The circular will be applicable to commercial suits filed on or after May 3, 2018, the date from which the amendment is effective.
The Commercial Courts(Amendment) Bill 2018 passed by Parliament in August 2018 lowered the pecuniary jurisdiction of Commercial Courts from Rs 1 Crore to Rs 3 lakhs. This is done through amendment to Section 2(j) of the Act which defines “specified value”. As per Section 6, Commercial Courts can try suits relating to commercial transactions having the “specified value”.
Source: LiveLaw, Barandbench