Suit relating to Commercial nature particularly IPR and Trademarks suits, the Courts have to be vigilant while examining the plaint for valuation | Whether Section 15(4) of Commercial Courts Act, 2015 would applicable to the suits which were already registered as Commercial suits and later transferred to Dedicated Commercial Court or not? – Sri Narasu’s Coffee Company Pvt. Ltd. Vs. Narasu’s Saarathy Enterprises Pvt. Ltd. – Madras High Court
Hon’ble Madras High Court held that it is the duty of the Courts to verify as to whether the suits is valued properly and if the suit is undervalued then the Trial Court can direct the plaintiff to rectify the mistakes and to value the suit properly. As far as the suit relating to Commercial nature particularly IPR and Trademarks suits, the Courts have to be vigilant while examining the plaint for valuation. If the valuation is less than 3 lakhs then the Commercial Courts have no jurisdiction to entertain the suits as Commercial Suit.