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Bombay High Court Allows Appeal by Depository Against Arbitral Award for Lost Shares Due to Third-Party Fraud. Court Holds That Depository Not Liable Absent Negligence or Breach of Contract Under Section 12(1-A) of SEBI Act, 1992.

The case involves an appeal by Central Depository Services (India) Ltd. (CDSL) against a judgment of a learned Single Judge dated 01/12/2025, which up...

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High Court of Bombay Issues Rule and Hears Matter Finally in Writ Petition Challenging MSEDCL Communication. The Court Decides the Petition Under Article 226 of the Constitution with Consent of Parties After Respondents Waive Service.

The petitioners, a private limited company and its shareholder, filed a writ petition under Article 226 of the Constitution of India before the High C...

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Supreme Court Allows Appeal of Raman & Raman Ltd. in Stage Carriage Permit Matter, Quashing Appellate Authority's Order. Section 43A of the Motor Vehicles Act, 1939, Holds Only Administrative Power; Directions Issued Are Not Law and Cannot Affect Prior Permits.

The appellant, M/s. Raman & Raman Ltd., was one of several applicants for a stage carriage permit. The Regional Transport Authority granted the permit...

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Supreme Court Allows Owner's Appeal in Vicarious Liability Case Due to Lack of Employer Authorization. Unauthorized Driver Taking License Test Not Acting Within Course of Employment Absolves Owner from Liability Under Tort Law.

The dispute arose from a personal injury caused by a motor vehicle accident. The respondent, Santanuprasad Jaishankar Bhatt, was injured when a taxi o...

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Supreme Court Considers Appeals Against Death Sentence in Bihar Family Burning Case Under IPC Sections 302/149. High Court Had Confirmed Conviction and Death Sentence for Three Accused; Supreme Court Examines Propriety of Sentence on Grounds of Non-Compliance with Section 354(3) CrPC.

Background: The case arose from a gruesome multiple murder where six members of a family were burnt alive in their house, and the informant survived w...

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Supreme Court of India Decides Revenue Appeal Against Tribunal's Order on Excise Valuation of Fiat Cars. Assessee's Price Below Cost Held as Normal Price Under Section 4(1)(a) by Tribunal, Revenue Challenges on Ground That Price Did Not Reflect Manufacturing Cost and Profit.

The dispute concerned the valuation of Fiat Uno model cars for central excise duty under Section 4 of the Central Excise Act, 1944. The assessee, M/s ...