Sponsored
    Follow Us:

Supreme Court of India

One Time Settlement (OTS) of Bank Loan is Not a Right of Borrowers

December 15, 2021 24786 Views 0 comment Print

Bijnor Urban Cooperative Bank Limited Vs Meenal Agarwal (Supreme Court of India) The Apex court of the Nation ruled out in a recent judgement (Dec 15, 2021 reg matter of Bijnor Urban Cooperative Bank Limited) – that no court can direct a bank or a financial institution (FI) to offer one-time settlement (OTS) to a […]

Adjudicating Authority cannot compel a party to the proceedings before it to settle a dispute

December 14, 2021 3522 Views 0 comment Print

E S Krishnamurthy & Ors. Vs Bharath Hi Tech Builders Pvt. Ltd. (Supreme Court) Conclusion: What the Adjudicating Authority and Appellate Authority had proceeded to do was to abdicate their jurisdiction to decide a petition under Section 7 by directing the respondent to settle the remaining claims within three months and leaving it open to […]

SC explains service of Notice under section 8 of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976

December 14, 2021 1104 Views 0 comment Print

ITO Vs V. Mohan & Anr. (Supreme Court of India) SC explains service of Notice under section 8 of Smugglers and Foreign Exchange Manipulators (Forfeiture of Property) Act, 1976 We are of the considered opinion that Section 6(1) of the 1976 Act nowhere provides that it is “mandatory” to serve the convict or detenu with […]

Bank not a trustee of money deposited by Customers- Customer & Bank are creditor/Debtor: SC

December 13, 2021 4806 Views 0 comment Print

N. Raghavender Vs State of Andhra Pradesh (Supreme Court) Section 409 IPC pertains to criminal breach of trust by a public servant or a banker, in respect of the property entrusted to him. The onus is on the prosecution to prove that the accused, a public servant or a banker was entrusted with the property […]

Right of Karta to execute agreement to sell or sale deed of a joint Hindu family property is beyond cavil: SC

December 13, 2021 7035 Views 0 comment Print

Beereddy Dasaratharami Reddy Vs V. Manjunath (Supreme Court of India) Right of the Karta to execute agreement to sell or sale deed of a joint Hindu family property is settled and is beyond cavil vide several judgments of this Court including Sri Narayan Bal and Others v. Sridhar Sutar and Others,2 wherein it has been […]

SC explains onus of Propounder: Removal of Suspicious circumstances about Will execution

December 10, 2021 8760 Views 0 comment Print

The daughters of the testator contested the said testament by filing a written statement. They averred that the will was fabricated and the signature of the testator in the said document was forged and the same was a got-up document by the plaintiff with the help of her husband’s friends who were the attesting witnesses of the will.

Cancellation of Enrolment of Advocate by BCI for suppressing Criminal Case against him during Enrolment justified: SC

December 10, 2021 2691 Views 0 comment Print

Considering the aforesaid facts and circumstances when the petitioner was removed by the Bar Council under proviso to Section 26(1) of the Advocates Act and when the same is confirmed by the High Court it cannot be said that the High Court has committed any error.

Whether Form GSTR-3B is a return or not under the CGST Law

December 10, 2021 22347 Views 0 comment Print

Hon’ble Supreme Court of India in Union of India & Ors. v. Aap and Company [Civil Appeal No(s). 5978/2021 dated December 10, 2021] reversed the judgment of the Hon’ble Gujarat High Court, ruling that FORM GSTR-3B is not a return under Section 39 of the Central Goods and Services Tax Act, 2017

Service tax on card-issuing bank for interchange fees: SC Delivers Split Verdict

December 9, 2021 2619 Views 0 comment Print

Commissioner of GST And Central Excise Vs Citi Bank N.A. (Supreme Court of India) Issue- Whether Interchange fees received out of Merchant Discount Rate(MDR) by the issuing bank from accepting bank in relation to credit card transactions carried on a customer is liable to be taxed to service tax in the hands of the bank […]

Section 12 of IBC- Resolution process should complete within specified time limit – SC

December 8, 2021 12153 Views 0 comment Print

Committee of Creditors of Amtek Auto Limited Vs Dinkar T. Venkatsubramanian (Supreme Court of India) Facts- Resolution process was initiated against Amtek Auto Limited. Resolution plan submitted by Liberty came to be approved by NCLT, Chandigarh. However, the successful resolution applicant- Liberty didn’t act as per the approved resolution plan. An application u/s 60(5) read […]

Sponsored
Search Post by Date
July 2024
M T W T F S S
1234567
891011121314
15161718192021
22232425262728
293031