2. (1) In this Ordinance, unless the context otherwise
requires,- (c) "commercial dispute" means a dispute arising out of-
(i) ordinary transaction of merchants, bankers, financiers
and trade such as those relation to mercantile documents, including enforcement
and interpretation of such documents;
(ii) export or import
of merchandise or services;
(iii) issues relating
to admiralty and maritime law;
(iv) transactions
relating to aircraft, aircraft engines, aircraft equipment and helicopters,
including sales, leasing and financing of the same;
(v) carriage of goods; (vi) construction and infrastructure
contracts, including tenders;
(vii) agreements
relating to immovable property used exclusively in trade or commerce;
(viii) franchising
agreements;
(ix) distribution and licensing agreements;
(x) management and
consultancy agreements;
(xi) joint venture
agreements;
(xii) shareholders
agreements;
(xiii) subscription and investment agreements pertaining to
the service industry including outsourcing services and financial services;
(xiv) mercantile
agency and mercantile usage;
(xv) partnership agreements; (xvi) technology development
agreements;
(xvii) intellectual
property rights relating to registered and unregistered trademarks, copyright,
patent, design, domain names, geographical indications and semiconductor
integrated circuits;
(xviii) agreements
for sale of goods or provision of services;
(xix) exploitation of
oil and gas reserves or other natural resources including electromagnetic
spectrum; (xx) insurance and re-insurance;
(xxi) contracts of
agency relating to any of the above; and
(xxii) such other commercial disputes as may
be notified by the Central Government. Explanation.- A commercial dispute shall
not cease to be a commercial dispute merely because- (a) it also involves
action for recovery of immovable property or for realisation of monies out of
immovable property given as security or involves any other relief pertaining to
immovable property; (b) one of the contracting parties is the State or any of
its agencies or instrumentalities, or a private body carrying out public
functions.