https://www.taxtmi.com/caselaws?id=448529 Pecuniary jurisdiction under the Commercial Courts Act, 2015 is computed by applying Section 12(2) to the claim and counter-claim as pleaded, with interest counted only up to the date of receipt of the notice invoking arbitration because Section 21 of the Arbitration and Conciliation Act, 1996 fixes commencement of proceedings at that point. Interest accruing after invocation, including pendente lite and future interest, is excluded so that the specified value does not vary over time. GST and counter-claim components are considered as part of the pleaded computation. On the corrected calculation described in the text, the specified value falls below the court's threshold, and the petition is said to be returnable to the competent court. 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 Pecuniary jurisdiction under the Commercial Courts Act, 2015 is computed by applying Section 12(2) to the claim and counter-claim as pleaded, with interest counted only up to the date of receipt of the notice invoking arbitration because Section 21 of the Arbitration and Conciliation Act, 1996 fixes commencement of proceedings at that point. Interest accruing after invocation, including pendente lite and future interest, is excluded so that the specified value does not vary over time. GST and counter-claim components are considered as part of the pleaded computation. On the corrected calculation described in the text, the specified value falls below the court's threshold, and the petition is said to be returnable to the competent court. Case-Laws Indian Laws Fri, 12 Jan 2024 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=448529