Commercial Law Terms

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

Related Terms