( 1 ) SECTION 5 of the Delhi High Court Act, 1966 (hereinafter referred to simply as s. 5 ), confers original jurisdiction on the High Court of Delhi in the following terms: Jurisdiction of High Court of Delhi:

(1) The High Court of Delhi shall have, in respect of the territories for the time being included in the Union Territory of Delhi, all such original, appellate and other jurisdiction as, under the law in force immediately before the appointed day, is exercisable in respect of the said territories by the High Court of Punjab. (2) Notwithstanding anything. contained in any law for the time being in force, the High Court of Delhi shall also have in respect of the said territories ordinary original civil jurisdiction in every suit the value of which exceeds fifty thousand rupees. "this Civil Revision petition raises the interesting question as to whether, in view, of the above provision, after the coming into existence of the Delhi High Court, an application under Section 31 of the State Financial Corporations Act, 1951 (hereinafter briefly referred to as the Act ), where the amount remaining due to the Financial Corporation concerned exceeds Rs. 50,000. 00, shoul