#commercialcourt
#court court
#moneyrecovery
This video states about the Commercial Courts Act,2015 and it applicability, benefits.
The Commercial Courts Act 2015 was introduced by the government to reduce the pendency of the Commercial Disputes which earlier were dealt with under the category of regular suits. This step taken by the government has well enabled both domestic and foreign investors to gain trust in the Indian markets.
The Commercial Courts Act 2015 came into force on 23rd October 2015, section 2(b) of the Commercial Courts Act, 2015 says that the Commercial Court is what is defined under section 3(1) of the said act.
According to this section, the government may constitute commercial courts at the District level by notification after consultation with the High Court, Commercial Disputes having a specific value of fewer than 3 lakhs and not more than 1 crore come under the jurisdiction of district courts.
Commercial Disputes are defined under section 2(c) of the Commercial Courts Act, 2015.
In the routine transactions of merchants, bankers, financiers, and traders, there is a debate over the enforcement and interpretation of papers.
For online appointment whatsapp no. 9990274933. Consultation charges applicable.
Yogander Singh
Advocate & Law Consutant
District Courts and High Court, Delhi
Mb.9990274933
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20 сен 2024
