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Supreme Court Clarifies: Money Recovery Suit Not Commercial Unless Property 'Actually Used' in Trade and Commerce

02 Mar 2024 2 min read
Supreme Court Clarifies: Money Recovery Suit Not Commercial Unless Property 'Actually Used' in Trade and Commerce

In a significant development, the Supreme Court of India, led by Hon'ble Mr. Justice Hrishikesh Roy and Hon'ble Mr. Justice Prashant Kumar Mishra, has rendered a key decision in the matter of S.P. Velayutham & Anr. vs. M/S EMAAR MGF LAND LIMITED. The case pertains to a Special Leave Petition (Civil) with Diary No(s). 2986/2024, arising from the judgment and order dated 04-12-2018 in CS No. 169/2018 and 06-11-2023 in…

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