Commercial matters valued at ₹3 lakh or more must go to commercial courts: Andhra Pradesh High Court

The Court noted that the pecuniary jurisdiction of commercial courts was reduced to ₹3,00,000 by Ordinance No. 3 of 2018, and later replaced by Central Act No 28 of 2018.
Andhra Pradesh High Court
Andhra Pradesh High Court

The Andhra Pradesh High Court recently clarified that commercial matters valued at ₹3 lakh and above must be placed before the appropriate commercial court with jurisdiction. [UV Satyanarayana & Ors v. Shriram Union Finance Ltd]

Loading content, please wait...
Bar and Bench - Indian Legal news
www.barandbench.com