HIGH COURT OF DELHI
SUBRAMONIUM PRASAD, J
BHAYANA BUILDERS PVT LTD – Appellant
Versus
BIRD HOSPITALITY SERVICES PVT LIMITED & ANOTHER – Respondent
ORDER :
1. On 29.11.2024 the Registry was directed to file a Report on the aspect as to whether this Court can take cumulative value of the claims for ascertaining jurisdiction or not.
2. Section 12 of the Commercial Courts Act, 2015 reads as under:
“Section 12. Determination of Specified Value.
(1) The Specified Value of the subject-matter of the commercial dispute in a suit, appeal or application shall be determined in the following manner:--
(a) where the relief sought in a suit or application is for recovery of money, the money sought to be recovered in the suit or application inclusive of interest, if any, computed up to the date of filing of the suit or application, as the case may be, shall be taken into account for determining such Specified Value;
(b) where the relief sought in a suit, appeal or application relates to movable property or to a right therein, the market value of the movable property as on the date of filing of the suit, appeal or application, as the case may be, shall be taken into account for determining such Specified Value;
(c) where the relief sought in a suit, appeal or application relates to immovable property or to a right therein, the market value of the
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