Insolvency Law – Resolution Professional Fees – Reasonableness and Basis – The Supreme Court held that both the adjudicating authority (NCLT) and the appellate authority (NCLAT) must consider the basis and reasonableness of the fees and expenses claimed by the Resolution Professional (RP) – Orders passed in an ad hoc manner without providing reasons for determining the fees...
Land Law – Scheduled Caste Land Transactions – Applicability of Local Laws – The Supreme Court held that an individual who is a Scheduled Caste member in Punjab cannot claim the benefit of Scheduled Caste status in Rajasthan for the purpose of purchasing land allotted to a Scheduled Caste person in Rajasthan – The sale transaction was in violation of Section 42 of the Rajas...
Foreign Trade Policy – Terminal Excise Duty Refund – Applicability – The Supreme Court held that the policy circular dated 15.03.2013 issued by the DGFT, clarifying that no refund of TED should be provided for supplies from DTA to EOU as such supplies are ab initio exempted from payment of excise duty, was valid – Refund claims for TED were inadmissible under the FTP as the...
Employment Law – Departmental Inquiry – Representation by Retired Employee – The Supreme Court held that there is no absolute right for an employee facing departmental proceedings to be represented by a retired employee of the bank as his DR – Regulation 44 of the Rajasthan Marudhara Gramin Bank (Officers and Employees) Service Regulations, 2010, does not specifically permi...
Arbitration Law – Termination of Mandate – Section 12(5) of the Arbitration Act – The Supreme Court held that the originally constituted Arbitral Tribunal, a Stationery Purchase Committee comprising officers of the respondent, had lost its mandate by operation of law under Section 12(5) read with the Seventh Schedule of the Arbitration and Conciliation Act, 1996 – A fresh a...
Election Law – Disqualification of Panchayat Members – Appealability: The Supreme Court held that no remedy of appeal is envisaged against an order of the State Election Commission or its delegatee (the Collector) under Section 14B(1) rejecting the complaint or dropping proceedings for the declaration of a Sarpanch/Member having incurred disqualification. Such an order becomes final an...
Service Law – Dismissal – Respondent driver dismissed for causing an accident resulting in four deaths due to rash and negligent driving – Industrial Tribunal ordered reinstatement without back wages but with continuity of service, citing disproportionate punishment – High Court dismissed writ petition challenging Tribunal's order and directed back wages and retiral ben...
Service Law – Assured Career Progression (ACP) Benefits – Respondents refused offered regular promotions due to personal reasons – Subsequently, ACP benefits were wrongly granted and later withdrawn based on clarificatory O.M. dated 18.7.2001 – Tribunal upheld withdrawal of ACP benefits, but High Court reversed the decision, restoring ACP benefits – Supreme Court held...
Contract Law – Claim for Interest on Delayed Payment – Bonds issued by defendant SIDBI were transferred to plaintiff SIBCO during "suspect spell" – RBI directives and ongoing liquidation proceedings against CRB Capital influenced withholding of payment – Plaintiff accepted principal and accrued interest without protest, later demanded additional interest for delay...
Arbitration – Remittal to Arbitrator – Section 34(4) of Arbitration and Conciliation Act – Court's discretion to remit matter to arbitrator to fill gaps in reasoning or provide additional reasons – Not obligatory to remit in cases of patent illegality or absence of findings on contentious issues – High Court dismissed motion for remittal as arbitral award lacked f...