SC clarified that banks cannot be restrained from selling the mortgaged property by holding public auction and realize the outstanding dues, unless the borrower pays entire amount outstanding along with the cost and expenses of auction.
Understand the provisions of Section 50D of the Income Tax Act, 1961. Learn about the impact on capital gain calculation and the taxation of self-generated assets.
Since there are many ambiguity in definition of various social welfare laws in India. They have not clearly defined the Workmen and each laws define Workmen differently. The Apex Court of India in above case define ( what constitutes as a workman and as to what differentiates contract of service from contract for service).
ITAT held that even if the Company has been struck off from the register of Companies, an appeal filed by it against the revenue department does not become ineffective or infructuous and is maintainable.
HC held that Tribunal cannot differ from earlier order of Tribunal in assessee’s own case and follow the order of Tribunal in another assessee.
We are recovering from COVID-19 pandemic era in which whole world has stopped due to deadly COVID-19 virus and business activities have also been at hold. The business houses are starting their activities of merger and acquisitions.
Supreme Court in National Insurance Company Ltd. vs. M/s. Hareshwar Enterprises (P) Ltd. & Ors. held that In settlement of insurance claims the surveyors report is not final and conclusive.
As you are aware that Arbitration is one of the best Alternate Disputes Resolution process, which saves time, money and energy of the parties. The Transfer of Property Act, 1882 no where prohibits deciding of cases through arbitration.
Understand the extension of IBC section 14 Bar to actions under SARFAESI. Learn how this ruling impacts enforcement of security interests in corporate debtor cases.
Coverage of ‘Flood & Inundation’ insurance includes damage caused by heavy rains and not just overflowing of river.
