Case Law Analysis
|Karnataka High Court
Order VII Rule 10 CPC | Jurisdiction for Share Transfer Suits Lies Where Contract Executed and Shares Situated: Karnataka HC
Karnataka High Court rules that commercial courts have jurisdiction over share transfer disputes if the contract was executed and the shares are situated at the company’s registered office. The decision clarifies that plaintiffs cannot be compelled to file suits in distant courts merely based on defendant’s residence, reinforcing jurisdictional convenience for commercial litigants.