In a suit for recovery of money filed before the Commercial Court, the Specified Value is determined on the basis of

Option A: the principal amount claimed.

Option B: the amount claimed, inclusive of ( interest, computed upto March 31 of the year in which the suit is filed.

Option C: the amount claimed, inclusive of interest, computed upto the date the suit is filed.

Option D: None of the above.

Correct Answer

Option: c

Explanation

Section 12(1)(a) of Commercial Court Act:-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.

Sample Mock Tests for Practice

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THE HINDU MINORITY AND GUARDIANSHIP ACT, 1956 (PAPER -01 Q. NO. 1 TO 14)

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