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CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
LAKSHMINARAYANAN ALAGURAJA
ADVOCATE
Commercial Courts, Commercial Division
and Commercial Appellate Division of High
Courts Act, 2015
[Act No. 4 of 2016, w.r.e.f. 23.10.2015]
(the “Act”)
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
Introduction
An Act to provide for the constitution of commercial
courts, commercial division and commercial appellate
division in the High Courts for adjudicating commercial
disputes of specified value and matters connected
therewith or incidental thereto.
The Act has recently been enacted in an attempt to
reduce judicial delays, at least as far as commercial
disputes are concerned.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
REASON
In order to accelerate the agenda of the “Ease
of Doing Business” and “Make in India”, the
Act has been promulgated to adjudicate
Commercial Disputes for achieving the motive
of swift and speedy enforcement of contracts,
recovery of monetary claims and
compensation for damages suffered to
increase investment and economic activity in
our country.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
ACT
The Act essentially introduces setting up of a
Commercial Court at District level and a
Commercial Division in the High Court, having
ordinary original civil jurisdiction to deal with
Commercial Dispute of a Specified Value, not
being less than Rs.1 Crore or such higher
value as may be notified by the Central
Government. All appeals from the orders of
the Commercial Court/Commercial Division
would lie before the Commercial Appellate
Divisions to be set-up in all High Courts.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
COMMERCIAL DISPUTES
The Act applies exclusively to commercial disputes
and defines these widely as including disputes arising
out of the ordinary transactions of merchants,
bankers, financiers and traders, agreements for the
sale of goods or provision of services, partnership
and joint venture agreements, shareholders
agreements, franchising and licensing agreements,
construction and infrastructure contracts,
commercial property agreements, insurance,
subscription and investment agreements, intellectual
property rights etc. This includes commercial
disputes with the government and government
agencies.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
Commercial Courts/Divisions
Commercial Courts - every district in all states and
union territories where the High Court of that state
or union territory does not have/exercise ordinary
original civil jurisdiction and
Commercial Divisions - within High Courts exercising
ordinary original civil jurisdiction.
Commercial Appellate Divisions - every High Court to
hear appeals against orders of Commercial Division
of High Court and orders of Commercial Courts.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
SPECIFIED VALUE
The value of the subject matter in respect of the suit
which shall not be less than ten (10) million rupees
[about USD 150,000] or such higher value, as may be
notified by the Central Government. The purpose of
such segregation of Commercial Disputes of the
given Specified Value from other disputes is to
ensure that the selected disputes are speedily and
efficiently resolved by the Special Courts.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
TIMELINES
1. Plaintiff may seek leave to file additional documents within
30 days of filing the Suit.
2. To be filed within 30 days and not later than 120 days from
the date of service of summons.
3. Parties to complete inspection of documents within 30
days from the date of filing the Written Statement or
Written Statement to the Counter Claim whichever is later.
The Court may extend the time limit upon application at its
discretion, but not beyond 30 days in any event.
(Therefore a maximum of 60 days).
4. To be completed within 15 days of completion of
inspection or any later date fixed by the Court.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
TIMELINES
5. Court shall hold first case management hearing
not later than 4 weeks from the date of filing of
Affidavit of admission or denial of documents by
all the parties to the suit.
6. Court shall ensure that arguments are closed not
later than 6 months from the date of the first
case management meeting.
7. Party to submit written arguments 4 weeks prior
to commencing oral arguments.
8. Commercial Court, Commercial Division or
Commercial Appellate Division shall within 90
days of conclusion of arguments pronounce
judgment.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
SALIENT FEATURES
1. Strict Timelines.
2. Cost to follow event.
3. Streamlined process.
4. Case Management.
5. Summary Judgment.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
TRANSFER OF COMMERCIAL
DISPUTES
All suits and/or applications relating to
a Commercial Dispute of a Specified
Value pending before any civil court are
required to be transferred to
Commercial Courts/Divisions for fast
and speedy disposal of cases.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
APPEAL
The appeals against decisions of the
Commercial Courts/Commercial Division can
only be brought before the Commercial
Appellate Division of the concerned High
Court within sixty (60) days from the date of
decision and that Commercial Appellate
Division should endeavor to dispose it within
six (6) months.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
JURISDICTION OVER
ARBITRATION MATTERS
As far as Arbitration is concerned, the Act provides that all the
matters dealing with international commercial arbitration must
be brought within the ambit of High Court irrespective of the
fact whether the High Court exercises such jurisdiction or not.
However, there is a proviso added to this clause which provides
that the matters pertaining to the appointment of arbitrators in
international commercial contracts must be excluded from the
purview of High Court’s jurisdiction. Commercial Court will also
have the power to hear appeals filed against domestic
arbitrations involving Indian parties, which initially lie before
any civil court other than High Court exercising territorial
jurisdiction over such arbitration.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
The Commercial
Courts(Amendment) Bill
2018...1. Reducing the specific value.
2. Pre-instituted mediation.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
News
World Bank released its latest annual ‘Ease of
Doing Business” report for the year 2018 in
which India has emerged out as one among
top ten improvers and for the first time ever,
India has jumped 30 positions and reached
100th
ranked country in terms of ‘Ease of
Doing Business’ amongst 190 Countries.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
Justice delayed is justice
denied.
"Justice delayed is justice denied" is a legal
maxim meaning that if legal redress is
available for a party that has suffered some
injury, but is not forthcoming in a timely
fashion, it is effectively the same as having no
redress at all.
CHENNAI
C2-A, Industrial Estate,
Guindy, Chennai,
Tamil Nadu 600032
Tel: +91 - 44 - 22501318
BANGALORE
Suite 920, Level 9,
Raheja Towers,
26-27, M G Road,
Bangalore - 560 001.
Tel: +91 - 80 - 65462400
COIMBATORE
#1533, Trichy Road,
Coimbatore – 641018.
Tel: +91 - 422 - 6552921
HYDERABAD
Flat No. A-701,
Brindavan Apartments,
Niloufer Hospital Road,
Redhills, Hyderabad - 500034.
Tel: +91 - 40 - 60506009
COCHIN
Suite 49, 8th Floor, Centre A,
Alapatt Heritage Building,
MG Road, Cochin – 682035
Tel: +91 - 484 - 6506216
EMAIL
info@altacit.com
WEBSITE
www.altacit.com
Thanks for your
Patience

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Commercial courts

  • 1. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com LAKSHMINARAYANAN ALAGURAJA ADVOCATE Commercial Courts, Commercial Division and Commercial Appellate Division of High Courts Act, 2015 [Act No. 4 of 2016, w.r.e.f. 23.10.2015] (the “Act”)
  • 2. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com Introduction An Act to provide for the constitution of commercial courts, commercial division and commercial appellate division in the High Courts for adjudicating commercial disputes of specified value and matters connected therewith or incidental thereto. The Act has recently been enacted in an attempt to reduce judicial delays, at least as far as commercial disputes are concerned.
  • 3. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com REASON In order to accelerate the agenda of the “Ease of Doing Business” and “Make in India”, the Act has been promulgated to adjudicate Commercial Disputes for achieving the motive of swift and speedy enforcement of contracts, recovery of monetary claims and compensation for damages suffered to increase investment and economic activity in our country.
  • 4. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com ACT The Act essentially introduces setting up of a Commercial Court at District level and a Commercial Division in the High Court, having ordinary original civil jurisdiction to deal with Commercial Dispute of a Specified Value, not being less than Rs.1 Crore or such higher value as may be notified by the Central Government. All appeals from the orders of the Commercial Court/Commercial Division would lie before the Commercial Appellate Divisions to be set-up in all High Courts.
  • 5. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com COMMERCIAL DISPUTES The Act applies exclusively to commercial disputes and defines these widely as including disputes arising out of the ordinary transactions of merchants, bankers, financiers and traders, agreements for the sale of goods or provision of services, partnership and joint venture agreements, shareholders agreements, franchising and licensing agreements, construction and infrastructure contracts, commercial property agreements, insurance, subscription and investment agreements, intellectual property rights etc. This includes commercial disputes with the government and government agencies.
  • 6. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com Commercial Courts/Divisions Commercial Courts - every district in all states and union territories where the High Court of that state or union territory does not have/exercise ordinary original civil jurisdiction and Commercial Divisions - within High Courts exercising ordinary original civil jurisdiction. Commercial Appellate Divisions - every High Court to hear appeals against orders of Commercial Division of High Court and orders of Commercial Courts.
  • 7. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com SPECIFIED VALUE The value of the subject matter in respect of the suit which shall not be less than ten (10) million rupees [about USD 150,000] or such higher value, as may be notified by the Central Government. The purpose of such segregation of Commercial Disputes of the given Specified Value from other disputes is to ensure that the selected disputes are speedily and efficiently resolved by the Special Courts.
  • 8. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com TIMELINES 1. Plaintiff may seek leave to file additional documents within 30 days of filing the Suit. 2. To be filed within 30 days and not later than 120 days from the date of service of summons. 3. Parties to complete inspection of documents within 30 days from the date of filing the Written Statement or Written Statement to the Counter Claim whichever is later. The Court may extend the time limit upon application at its discretion, but not beyond 30 days in any event. (Therefore a maximum of 60 days). 4. To be completed within 15 days of completion of inspection or any later date fixed by the Court.
  • 9. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com TIMELINES 5. Court shall hold first case management hearing not later than 4 weeks from the date of filing of Affidavit of admission or denial of documents by all the parties to the suit. 6. Court shall ensure that arguments are closed not later than 6 months from the date of the first case management meeting. 7. Party to submit written arguments 4 weeks prior to commencing oral arguments. 8. Commercial Court, Commercial Division or Commercial Appellate Division shall within 90 days of conclusion of arguments pronounce judgment.
  • 10. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com SALIENT FEATURES 1. Strict Timelines. 2. Cost to follow event. 3. Streamlined process. 4. Case Management. 5. Summary Judgment.
  • 11. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com TRANSFER OF COMMERCIAL DISPUTES All suits and/or applications relating to a Commercial Dispute of a Specified Value pending before any civil court are required to be transferred to Commercial Courts/Divisions for fast and speedy disposal of cases.
  • 12. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com APPEAL The appeals against decisions of the Commercial Courts/Commercial Division can only be brought before the Commercial Appellate Division of the concerned High Court within sixty (60) days from the date of decision and that Commercial Appellate Division should endeavor to dispose it within six (6) months.
  • 13. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com JURISDICTION OVER ARBITRATION MATTERS As far as Arbitration is concerned, the Act provides that all the matters dealing with international commercial arbitration must be brought within the ambit of High Court irrespective of the fact whether the High Court exercises such jurisdiction or not. However, there is a proviso added to this clause which provides that the matters pertaining to the appointment of arbitrators in international commercial contracts must be excluded from the purview of High Court’s jurisdiction. Commercial Court will also have the power to hear appeals filed against domestic arbitrations involving Indian parties, which initially lie before any civil court other than High Court exercising territorial jurisdiction over such arbitration.
  • 14. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com The Commercial Courts(Amendment) Bill 2018...1. Reducing the specific value. 2. Pre-instituted mediation.
  • 15. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com News World Bank released its latest annual ‘Ease of Doing Business” report for the year 2018 in which India has emerged out as one among top ten improvers and for the first time ever, India has jumped 30 positions and reached 100th ranked country in terms of ‘Ease of Doing Business’ amongst 190 Countries.
  • 16. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com Justice delayed is justice denied. "Justice delayed is justice denied" is a legal maxim meaning that if legal redress is available for a party that has suffered some injury, but is not forthcoming in a timely fashion, it is effectively the same as having no redress at all.
  • 17. CHENNAI C2-A, Industrial Estate, Guindy, Chennai, Tamil Nadu 600032 Tel: +91 - 44 - 22501318 BANGALORE Suite 920, Level 9, Raheja Towers, 26-27, M G Road, Bangalore - 560 001. Tel: +91 - 80 - 65462400 COIMBATORE #1533, Trichy Road, Coimbatore – 641018. Tel: +91 - 422 - 6552921 HYDERABAD Flat No. A-701, Brindavan Apartments, Niloufer Hospital Road, Redhills, Hyderabad - 500034. Tel: +91 - 40 - 60506009 COCHIN Suite 49, 8th Floor, Centre A, Alapatt Heritage Building, MG Road, Cochin – 682035 Tel: +91 - 484 - 6506216 EMAIL info@altacit.com WEBSITE www.altacit.com Thanks for your Patience