https://www.taxtmi.com/article/detailed?id=9769 The Act defines commercial dispute broadly to include various trade, contract and intellectual property matters and provides that such disputes remain commercial despite involvement of immovable property or State parties. State Governments, after High Court consultation, may constitute Commercial Courts and specify territorial limits and a pecuniary threshold; High Courts may establish Commercial Divisions. Jurisdiction is exclusive for commercial disputes of the specified value, with arbitration-related applications allocated to Commercial Courts/Divisions. The specified value is determined by the relief sought. Pre-institution mediation is mandatory for non-urgent suits and settlements therefrom have the effect of an arbitral award. en-us Mon, 03 May 2021 09:54:13 +0530 Mon, 03 May 2021 09:54:13 +0530 TaxTMI RSS Generator https://www.taxtmi.com/article/detailed?id=9769 The Act defines commercial dispute broadly to include various trade, contract and intellectual property matters and provides that such disputes remain commercial despite involvement of immovable property or State parties. State Governments, after High Court consultation, may constitute Commercial Courts and specify territorial limits and a pecuniary threshold; High Courts may establish Commercial Divisions. Jurisdiction is exclusive for commercial disputes of the specified value, with arbitration-related applications allocated to Commercial Courts/Divisions. The specified value is determined by the relief sought. Pre-institution mediation is mandatory for non-urgent suits and settlements therefrom have the effect of an arbitral award. Articles Other Topics Mon, 03 May 2021 09:54:13 +0530 https://www.taxtmi.com/article/detailed?id=9769