The case examines whether revision under Section 263 was validly exercised. The Supreme Court upheld the High Court ruling that lack of independent application of mind invalidated the revision, reinforcing limits on PCIT powers.
The case involved long-pending criminal proceedings where co-accused were acquitted due to lack of evidence. The Supreme Court indicated that excessive delay alone may justify quashing and stayed further trial proceedings.
Observations regarding inconsistencies and possible backdating of documents led the Court to closely examine the claim. The case reflects interplay between arbitration findings and insolvency proceedings.
The Court examined whether successive review petitions were maintainable. It held that without new evidence or error apparent, a second review is impermissible and restored the original judgment.
The Court examined whether review jurisdiction permits re-evaluation of evidence. It held that such reappreciation is impermissible and restored the original writ judgment.
The Court examined whether review powers were properly exercised. It held that the High Court exceeded its jurisdiction by re-evaluating evidence, restoring the original findings.
Supreme Court held that post repeal of SICA and non-invocation of IBC, Gannon Dunkerley & Co. Ltd. (GDCL) didn’t possess ownership rights to sell assets of Jaipur Udyog Ltd (JUL). Further, Court directed to verify and make payment of long-standing dues of workers of JUL.
The Supreme Court declined to condone delay, thereby upholding the High Court’s conclusion that the liaison office did not constitute a PE. The High Court found activities to be preparatory in nature. The ruling highlights strict standards for establishing PE in India.
The Court dismissed the SLP due to a 390-day delay and absence of valid grounds. The ruling leaves intact the finding that interconnect payments are not royalty.
The Court declined to interfere after finding no sufficient reason to disturb the High Court’s decision. The ruling reinforces limits on appellate intervention.
