March 16, 2022News Failure To Pay Rent Is Not A Penal Offence: Supreme Court Quashes FIR Against A Tenant Failure to pay rent may have civil consequences, but is not a […] Read more
March 15, 2022News Banks Exempted From Deducting Tax At Source While Paying Interest To Statutory Corporations: Supreme Court The Supreme Court has reiterated that Banks are exempted from the mandate […] Read more
March 14, 2022News Section 138 NI Act – Complainant Not Expected To Initially Give Evidence Of Financial Capacity Unless Accused Disputes It In Reply Notice: Supreme Court. The Supreme Court observed that it cannot be expected of a complainant […] Read more
March 10, 2022News SARFAESI – Borrower Can’t Seek Discharge By Only Paying Highest Bid Amount Or Reserve Price If Bank Dues Are More : Supreme Court The Supreme Court has held that a borrower cannot redeem the mortgaged […] Read more
March 10, 2022News Power To Condone Delay Under Section 5 Of Limitation Act Does Not Apply To Suits: Supreme Court The Supreme Court has observed that the power to condone delay under […] Read more
March 6, 2022News Retired Partner Cannot Initiate Proceedings Under IBC Against Other Partners Or Firm For Retirement Dues: NCLT, Mumbai The NCLT, Mumbai Bench consisting of Kishore Vemulapalli, Judicial Member and Rajesh […] Read more
March 3, 2022News Limitation Period Cannot Be Extended On Equitable Grounds: Supreme Court The Supreme Court observed that an application for condonation of delay has […] Read more
March 2, 2022Articles Balance sheets can amount to Acknowledgment of Debts under Section 18 of Limitation Act, 1963 Analysis on Asset Reconstruction Company (India) Ltd. v. Bishal Jaiswal & Anr: […] Read more
February 23, 2022News Section 138 NI Act – Prima Facie Indication That Complaint Is Filed By Authorized Person of Company Sufficient For Magistrate To Take Cognisance: Supreme Court The Supreme Court observed that, in a cheque bounce case, when the […] Read more
February 21, 2022News Sale Pursuant To Public Auction Cannot Be Set Aside On The Basis Of Some Offer Made By Third Parties Subsequently: Supreme Court The Supreme Court observed that a sale pursuant to public auction cannot […] Read more