https://www.taxtmi.com/caselaws?id=311817 For pecuniary jurisdiction under Section 12(2) of the Commercial Courts Act, 2015 in a commercial arbitration, the aggregate value of the claim includes interest accrued up to the date of invocation of arbitration where that interest is part of the statement of claim. The provision was read as clear and unambiguous, and the distinction in Section 12(1)(a) for suits did not justify excluding such accrued interest. On that basis, the Section 34 petition was held to be beyond the District Court's pecuniary jurisdiction, and the impugned order was upheld. en-us Tue, 14 Dec 2021 00:00:00 +0530 Mon, 15 Jan 2024 21:00:51 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=311817 For pecuniary jurisdiction under Section 12(2) of the Commercial Courts Act, 2015 in a commercial arbitration, the aggregate value of the claim includes interest accrued up to the date of invocation of arbitration where that interest is part of the statement of claim. The provision was read as clear and unambiguous, and the distinction in Section 12(1)(a) for suits did not justify excluding such accrued interest. On that basis, the Section 34 petition was held to be beyond the District Court's pecuniary jurisdiction, and the impugned order was upheld. Case-Laws Indian Laws Tue, 14 Dec 2021 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=311817