Law, Justice and Parliamentary Affairs Department has designated Courts of Additional District Judge (Bank Cases) at Jammu and Srinagar as Commercial Courts.
As per SRO 429, the Government designated Courts ofAdditional District Judge (Bank Cases) at Jammu and Srinagar as CommercialCourts for the Districts of Jammu and Srinagar respectively and PrincipalDistrict Courts of all other Districts as Commercial Courts within theirrespective jurisdiction, read a government order.
The decision was conferred by power of sub-section (1) ofSection 3 of the Jammu and Kashmir Commercial Courts Act, 2018 and inconsultation with the High Court of Jammu and Kashmir.
Furthermore the pecuniary value of the jurisdiction of eachsuch Commercial Courts is fixed at Rs 3.00 Lakhs.