Successfully reported this slideshow.
We use your LinkedIn profile and activity data to personalize ads and to show you more relevant ads. You can change your ad preferences anytime.

Commercial courts

48 views

Published on

Commercial courts

Published in: Law
  • Be the first to comment

  • Be the first to like this

Commercial courts

  1. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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. 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

×