Delhi High Court held that a person who signed a document which contains contractual terms is normally bound by them, even though he had read them or not. Here, the plaintiff has signed the MoU in token of acceptance of the terms thereof and is bound by the terms thereof, including the Arbitration Agreement.
Supreme Court held that the court is powerless to modify award and can only set aside partially, or wholly, an award. Accordingly, High Court has no reason to interfere with the arbitrator’s finding on interest accrued and payable.
NCLAT Chennai held that dues under ‘Central Excise Act, 1944’ would have first charge only after the dues under the Provisions of the Code are recovered. Accordingly, application against approved Resolution Plan dismissed as Resolution Plan meets requirement of Section 30(2) of the Code.
Explore the full text of the Competition Commission of India’s order regarding the case between XYZ and H.N.B. Garhwal University. The order examines alleged contraventions of the Competition Act and provides insights into the Commission’s analysis and conclusions.
Understand Supreme Court’s verdict on taxing surplus funds and FD interest income of clubs. Analysis of mutuality principle and its implications. Learn more.
Discover Mukesh Ambani’s latest disruptive move in India’s banking sector with Jio Financial Services. Backed by BlackRock, Google, and Facebook, Jio aims to offer loans, insurance, and investments through its digital-first approach. Explore how Ambani leverages his vast Jio network and retail presence to become a one-stop financial solution, challenging traditional banks like HDFC, ICICI, and Kotak Mahindra.
Explore the potential merger of Air India and Vistara backed by the Tata Group. Learn about the benefits, challenges, and impact on passengers. Discover the competitive landscape in the Indian airline industry, with insights into key players like IndiGo, SpiceJet, GoAir, and AirAsia India. Stay informed about the dynamic race in the aviation sector and the exciting possibilities ahead.
Stay informed about the recent RBI guidelines on fair lending practices and changes in penal charges for loan accounts. Learn about the treatment of penal charges, additional interest components, and board-approved policies. Ensure transparency in disclosure and communication of charges. Effective from January 1, 2024, these guidelines apply to various financial institutions. For more details, refer to the RBI circular dated August 18, 2023.
ITAT Delhi held that provisions of section 194H of the Income Tax Act are not applicable on sells of pre-paid SIM at discounted price to the distributors. Further, as no TDS deductible, disallowance u/s 40(a)(ia) cannot be sustained.
आयकर विभाग एक प्राथमिक और तुच्छ सिद्धांत को न समझते हुए गैर जिम्मेदाराना एवं बेपरवाह रवैया अपनाते हुए आर्डर पास करता है जिससे न केवल करदाता बल्कि कोर्ट और राजस्व विभाग का समय एवं पैसे बर्बाद होते हैं जो कि और किसी बेहद जरूरी मुद्दों पर लगाए जा सकते थे. ऐसा कहना माननीय उच्च न्यायालय […]
