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Section 14 SARFAESI Act: Adjudicatory Powers not vested with District Magistrate

Bajaj Finance Ltd. Vs LD. District Collector (Gujarat High Court)

Bajaj Finance Ltd. Vs LD. District Collector (Gujarat High Court) On perusal of the section 26E and Section 14 of the SARFAESI Act, it is clear that the District Magistrate has to discharge the ministerial act of providing assistance to the secured creditor to take physical possession of the secured assets when the secured creditor has [...

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Petitioner cannot reduce contract period Retrospectively after extending Contract

North Delhi Municipal Corporation Vs IJM Corporation Berhad (Delhi High Court)

North Delhi Municipal Corporation Vs IJM Corporation Berhad (Delhi High Court) Delhi High Court held that when Petitioner has granted the contractor an extension of time for a specified period, it cannot turn around to contend that the extension was mere provisional and it’s allowed to reassess or reduce the amount of days by which ...

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HC dismisses PIL filed on the basis of mere social media news

Thampi V. S. Vs State of Kerala (Kerala High Court)

Thampi V. S. Vs State of Kerala (Kerala High Court) Petitioner, approached this Court with an allegation that respondents are attempting or devising to vaccinate every child in Kerala, irrespective of whether their parents give consent to it or otherwise. It is pertinent that not a single specific incident or instance has been impelled by...

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Govt appoints 12 Non Official Member in APEDA Authority

Notification No. S.O. 2272(E). 17/05/2022

 Central Government hereby appoints the Twelve Non Official Member of the Agricultural and Processed Food Products Export Development Authority (APEDA ) for a period of two years. MINISTRY OF COMMERCE AND INDUSTRY (Department of Commerce) NOTIFICATION New Delhi, the 17th May, 2022 S.O. 2272(E).—In exercise of the powers conferred by su...

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SEBI Master Circular for Commodity Derivatives Market

SEBI/HO/CDMRD/DMP/P/CIR/2022/64 17/05/2022

In order to ensure availability of comprehensive information mentioned in the circulars at one place, SEBI has been releasing Master Circular by compiling all the circulars issued by the department till the date of Master circular....

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JMD builder guilty of profiteering in its Project JMD Imperial Suits: NAA

Vishal Garg Vs JMD Limited (NAA)

Vishal Garg Vs JMD Limited (NAA) It is also evident from the above narration of facts that the Respondent has denied benefit of ITC to the buyers of the flats and the shops being constructed by him in his Project JMD Imperial Suits/Suburbio-67 (Suburbio-1)in contravention of the provisions of Section 171 (1) of the CGST […]...

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Prathima Multiplex guilty of not passing tax reduction benefit to Customers: NAA

Kalyan Chakravarthy Vs Prathima Multiplex Pvt. Ltd. (NAA)

Kalyan Chakravarthy Vs Prathima Multiplex Pvt. Ltd. (NAA) inds that the Respondent has resorted to profiteering by way of either increasing the base prices of the service while maintaining the same selling prices or by way of not reducing the selling prices of the service commensurately, despite a reduction in GST rate, on “Services...

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NAA directs ‘Total Environment Habitat’ to refund profiteered amount to Home buyers

Yogesh Sharma Vs Total Environment Habitat Pvt. Ltd. (NAA)

Yogesh Sharma Vs Total Environment Habitat Pvt. Ltd. (NAA) The Authority finds that, the ITC, as a percentage of the turnover, that was available to the Respondent during the pre-GST period (April-2016 to June-2017) was 1.02%, whereas, during the post-GST period (July-2017 to April, 2020), it was 1.84%. This confirms that in the post-GST ...

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NAA directs ‘Savaliya Procon’ to refund profiteered amount to home buyers with interest

Sh. Jayesh V Rathod Vs Savaliya Procon (NAA)

Sh. Jayesh V Rathod Vs Savaliya Procon (NAA) Respondent has profiteered by an amount of Rs. 85,77,419/- during the period of investigation i.e. 01.07.2017 to 30.06.2020. The Authority determined amount of Rs. 85,77,419/- (including 12% GST) under section 133(1) that has been profiteered by the Respondent from his home buyers (as per the l...

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Anti-Profiteering penalty not imposable for the period prior to 01.01.2020

Sh. Rahul Sharma on behalf of Local Circles India Pvt. Ltd. Vs Mataji Paints and Hardware (NAA)

Sh. Rahul Sharma on behalf of Local Circles India Pvt. Ltd. Vs Mataji Paints and Hardware (NAA) Respondent has denied the benefit of tax reduction to the customers in contravention of the provisions of Section 171 (1) of the CGST Act, 2017 and he has thus committed an offence under Section 171 (3A) of the […]...

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