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Archive: 22 September 2022

Posts in 22 September 2022

Bank cannot withdraw One-Time Settlement offer after acceptance by borrower

September 22, 2022 7179 Views 0 comment Print

HC Held that respondent-bank (SIDBI) cannot withdraw from offer of One-time Settlement which is already accepted by the petitioner/ borrower.

No compounded levy scheme on manually packed tin packing machine

September 22, 2022 2010 Views 0 comment Print

There was no levy of duty on compounded basis on Tin Packing machine and on pouches which had not been packed with the aid of packing machine, but were packed manually with the help of hand operated fillers or similar manually operated device and sealed with heat sealers/band sealers/candles/hot iron and the like.

Trademark dispute: Ex-parte order of ad-interim injunction unjustified

September 22, 2022 7269 Views 0 comment Print

Held that ex parte order of ad interim injunction granted before notice to opposite party under the proviso to Rule 3 of Order XXXIX C.P.C.. cannot be treated at part with other ex parte orders/decree.

Ad-interim injunction provided against the use of name TATA

September 22, 2022 633 Views 0 comment Print

Held that ad-interim injunction provided from the use of TATA in website tatabonus.com; crypto products by the name of $TATA or any other product being sold on the website www.hakunamatata.finance.

Bench strength is determinative of binding nature of judgement: SC

September 22, 2022 1977 Views 0 comment Print

SC Held that the numerical strength of the Judges taking a particular view is not relevant, but the Bench strength is determinative of the binding nature of the Judgment.

GST Registration Cancellation- HC directs Dept to decide on revocation application

September 22, 2022 1041 Views 1 comment Print

Purabdhani Enterprise Vs State of Gujarat (Gujarat High Court) In this case two show cause notice were issued for cancellation of GST Registration. While the earlier show cause notice dated 9.11.2021 seeking cancellation of registration was based on the ground that firm of the petitioner was non-existent and that business was not being run, the […]

Expat Tax in India

September 22, 2022 2190 Views 0 comment Print

Navigating Expat Tax in India made easy. Learn about the tax rules, rates, and exemptions for expats working in India.

Admitting claim of financial creditors without scrutinizing Form C documents is untenable

September 22, 2022 2325 Views 0 comment Print

Held that the voting share in the CoC is extremely relevant and important element in the CIRP. Resolution Professional needs to verify and scrutinize the documents submitted with Form C before admitting/ accepting claim of financial creditors.

Foreign Direct Investment

September 22, 2022 2721 Views 0 comment Print

Understanding Foreign Direct Investment: Learn about the automatic route, capital accounts, and investment regulations.

Incorporation of Insurance Broking Company

September 22, 2022 8475 Views 2 comments Print

As per requirement of Ministry of Corporate Affairs, to use the word Insurance, prior no-objection certificate shall be obtained from IRDAI.

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