Market Value of Property Must Be the Determining Factor Under Commercial Courts Act, Not Court Fee Value: Kerala High Court

In a significant ruling that clarifies the scope of Section 12(1)(c) of the Commercial Courts Act, 2015, the Kerala High Court has held that the market value of the property in question must be considered for determining jurisdiction under the Commercial Courts Act. The valuation adopted solely for the purpose of court fees under the Kerala Court Fees and Suits Valuation Act, 1959 is not the determining factor for deciding…