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The plaint was presented in Court on 25TH November 2013.
The life span or Speed Track of the Comercial Cases are fixed
and regulated by the High Court (Commercial Division)
Procedure Rules, 2012, Section 32 of the Rules provides:
( 1) Except for circumstances not provided for
under these Rules, the provisions of Order VIIIAand
Order VIIlB of the Code shall not apply In
determining speed track of commercial cases.
(2) All commercial cases shall proceed and be
determined within a period of ten months from the
date of commencement, and not more than twelve
months.
(3) Thirty days before the expiry of the time prescribed
under sub rule (2),any party to the proceedings may
orally apply to the Court for extension of life span of
the case, and the Court may upon sufficient reasons
adduced grant the application and the party in favour
of whom the extension is made shall bear the costs of
such extension, unless the Court directs
otherwise. |
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