Bombay High Court: Single Transaction Assignment of Debt Not a Commercial Dispute

The Bombay High Court ruled that a single transaction involving the assignment of debt does not qualify as a commercial dispute. The court clarified that commercial disputes typically involve ongoing business relationships and multiple transactions. In this case, the assignment of debt was a one-time transaction, and therefore, did not fall under the purview of commercial dispute resolution mechanisms. This decision provides clarity on the definition of commercial disputes and ensures that such cases are appropriately categorized and adjudicated.