https://www.taxtmi.com/caselaws?id=448529 Delhi HC ruled that for determining pecuniary jurisdiction under Section 12(2) of Commercial Courts Act in arbitration matters, interest should be calculated only until the date of invoking arbitration, not until filing of Section 34 petition. The court held that including pendente lite interest and future interest in calculating aggregate value of claims and counter-claims would contravene legislative intent by allowing jurisdiction to shift based on time passage. Interest calculation must have a definitive cut-off at arbitration invocation date to establish proper jurisdictional threshold. Application disposed of accordingly. en-us Fri, 12 Jan 2024 00:00:00 +0530 Sun, 21 Jan 2024 20:44:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=448529 Delhi HC ruled that for determining pecuniary jurisdiction under Section 12(2) of Commercial Courts Act in arbitration matters, interest should be calculated only until the date of invoking arbitration, not until filing of Section 34 petition. The court held that including pendente lite interest and future interest in calculating aggregate value of claims and counter-claims would contravene legislative intent by allowing jurisdiction to shift based on time passage. Interest calculation must have a definitive cut-off at arbitration invocation date to establish proper jurisdictional threshold. Application disposed of accordingly. Case-Laws Indian Laws Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448529