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Delhi High Court

NI Act: No liability of Directors if No Offence is Attributed to Company

May 17, 2022 4608 Views 0 comment Print

Hari Shamsher Kaushik Vs Jasbir Singh, Managing Director, M/S Accura Care Pharmaceuticals Pvt. Ltd. (Delhi High Court) Petitioner submitted that the learned Trial Court dismissed the complaint observing that since the company had not been impleaded as an accused, the liability of the respondent as its Managing Director could not be attached under section 141 […]

Arbitrator can recall order earlier passed by it if sufficient cause being shown

May 17, 2022 6765 Views 0 comment Print

Arbitral Tribunal had, on sufficient cause being shown, the power to recall the order passed by it under Section 25(a) of 1996 Act, terminating arbitral proceedings.

Petitioner cannot reduce contract period Retrospectively after extending Contract

May 17, 2022 1707 Views 0 comment Print

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 […]

Foreign Creditors cannot be treated differently from Domestic Creditors: HC

May 17, 2022 1056 Views 0 comment Print

There is no reason why a person who has been declared bankrupt by a foreign court in terms of the law applicable to that jurisdiction, should be afforded protection by the Indian Courts on technical objections being raised with regard to the validity of the foreign judgment. In the modern times of globalization, foreign creditors cannot be treated differently from domestic creditors.

Delhi HC Orders Blocking of 12 Websites pirating Contents of Universal City Studios

May 16, 2022 1131 Views 0 comment Print

Universal City Studios Llc & Ors. Vs Vegamovies Run & Ors. (Delhi High Court) Defendant Websites provide illegal content for free and such availability of content is supported by the advertisements featuring on these websites. The primary purpose of the Defendant Websites is to commit or facilitate copyright infringement. Thus, Defendants No. 1 to 12 […]

TDS defaults: Higher compounding Charge of 5% for repeat offender is valid

May 15, 2022 3171 Views 0 comment Print

Petitioners company is a ‘repeat offender’, this Court is of the view that the respondents are entitled in law to impose a higher compounding fee i.e. five per cent instead of three per cent.

Allowing mere 8 hours to reply to SCN is neither reasonable nor effective

May 15, 2022 1812 Views 0 comment Print

Court is of the view that time of eight hours to file reply to the show cause notice was neither reasonable nor effective, as within this short time, the Petitioner could not have supplied relevant information and documents to substantiate his case.

Corpus fund utilised for purchase of capital asset cannot be added to Income of Trust

May 14, 2022 3501 Views 0 comment Print

CIT(A) and ITAT have set aside the assessment order on the ground that Rs.19 crore cannot be added as additional income of the Trust since exemption on corpus donation is allowed on purchase of land, as it is a purchase of capital asset.

Mere exclusion or inclusion of one or other comparable not constitute a question of law

May 13, 2022 1416 Views 0 comment Print

It is settled law that exclusion or inclusion of one or other comparable would by itself not constitute a question of law unless it is shown that there are important functional dissimilarities or vital material facts which go to the root of profitability or where other material circumstances are involved.

HC directs officer to consider SVLDR application although  deadline fixed was crossed

May 13, 2022 459 Views 0 comment Print

Docland Services Ltd Vs Commissioner of Central Goods And Services Tax (Delhi High Court) The petitioner’s main grievance is, that because of a technical glitch, the necessary steps for availing benefits under the Sabka Vishwas (Legacy Dispute Resolution) Scheme 2019 [ Scheme] could not be availed of. Mr Bhatia says, even though the petitioner under […]

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