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...
Income Tax – Deductible Expenses – Section 40(a)(iib) – Gallonage fee, licence fee, and shop rental (kist) paid by appellant with respect to FL-9 and FL-1 licences fall within purview of Section 40(a)(iib) – Surcharge on sales tax and turnover tax not considered as 'fee' or 'charge' under Section 40(a)(iib), disallowance of these amounts rightly set aside by...
Civil Procedure - Execution of Decree - Mandatory Procedure - Order XXI, Rule 34 CPC - Decree for specific performance - Draft sale deed not served to judgment debtor - Court's duty to serve draft, invite objections, and consider them before execution - Execution of sale deed without following procedure quashed [Paras 9-16].
Execution of Decree - Non-Compliance with Procedural Req...
Customs Act, 1962 - Section 129E - Pre-Deposit Requirement - Applicability - Appellant penalized for smuggling - Tribunal dismissed appeal for non-compliance with pre-deposit requirement under amended Section 129E - High Court upheld Tribunal's order - Appeal to Supreme Court on grounds that amended provision should not apply to acts committed before its substitution [Paras 1-3].
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Constitution of India - Article 226 - Writ Petition - Specific Performance of Contract - High Court issued a writ of mandamus virtually granting specific performance of a work order in a writ petition under Article 226 - Supreme Court held such a writ could not be issued when there were disputed questions of fact and no evidence that goods were manufactured as per specifications [Paras 8-8.1].
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Constitution of India - Article 226 - Writ Petition - Specific Performance of Contract - High Court dismissed writ petition seeking specific performance of a contract after significant delay - Supreme Court upheld High Court's decision, noting that writ petitions for specific performance are not maintainable especially after long delays [Paras 4-6].
Delay and Laches - Representati...
Insolvency and Bankruptcy Code, 2016 - Section 62 - Resolution Plans - Modifications - NCLT allowed modifications to resolution plans submitted by the appellant and other resolution applicant - NCLAT upheld NCLT's decision - Supreme Court declined to interfere, noting that modifications were to maintain level playing field and no prejudice was caused to appellant [Paras 2-18].
Res...
Motor Accident - Compensation - Enhancement of - Pain, suffering, and trauma post-accident cannot be fully compensated monetarily but awarding suitable compensation provides solace - Amount of compensation under pain, shock, suffering, loss of amenities, and happiness depends on each case's facts and circumstances - Claimant in coma and bedridden warrants higher compensation [Paras 7-8.1].
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Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 - Section 14(1A) - Appointment of Advocate - District Magistrate (DM) or Chief Metropolitan Magistrate (CMM) can appoint an advocate to take possession of secured assets and documents - Advocate considered an officer of the court and subordinate to CMM/DM for the purposes of Section 14(1A) - Advoca...