Commercial Dispute
A dispute of a commercial nature above a specified value, triable by a designated Commercial Court.
In Simple Terms
A business-related legal fight big enough (in rupee value) to go before a special fast-track commercial court.
Detailed Legal Meaning
A commercial dispute covers matters such as ordinary transactions of merchants, trade financing, intellectual property, and shareholder/partnership disputes among others, and is routed to specially constituted Commercial Courts or Commercial Divisions where the specified value threshold is met, subject to a stricter, more time-bound procedure than an ordinary civil suit.
Relevant Acts & Sections
- Commercial Courts Act, 2015Search on India Code ↗