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High Court of Judicature at Bombay Adjudicates Letter of Credit Dispute in Common Judgment for Two Suits Arising from Alleged Discrepant Documents. Bank's Liability for Wrongful Debit Examined Under UCP 290 with Emphasis on Strict Compliance and Discrepancy in Shipping Documents.

Two suits were filed arising from a documentary import Letter of Credit facility granted by State Bank of India to Dadlani Silk Stores. Suit No. 1012 ...

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Bombay High Court Considers Whether Hiring of Tankers to Oil Company Amounts to Sale Under Maharashtra Value Added Tax Act, 2002. Court Examines Applicability of Exception III to Section 2(8) Dealer Definition for Transporters Holding Permits Under Motor Vehicles Act, 1988.

The judgment arises from appeals filed under Section 27 of the Maharashtra Value Added Tax Act, 2002 against orders of the Maharashtra Sales Tax Tribu...

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Bombay High Court Dismisses Landlord's Writ Petition in Tenancy Dispute Under Hyderabad Tenancy Act. Ownership Acquired After 31 December 1958 Does Not Entitle Landholder to Seek Possession Under Section 44 of Hyderabad Tenancy and Agricultural Lands Act, 1950.

This writ petition arose from a tenancy dispute under the Hyderabad Tenancy and Agricultural Lands Act, 1950. The petitioner, Subhash Bagal, claimed t...

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Supreme Court Dismisses Appeal of Suspended Director Against Admission of Insolvency Petition by Canara Bank Under Section 7 of IBC. Held that a suspended director has no locus standi to challenge the admission of a Section 7 application as the corporate debtor is the proper party.

The case involves an appeal by M. Suresh Kumar Reddy, claiming to be a suspended director of M/s Kranthi Edifice Pvt. Ltd. (corporate debtor), against...

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Bombay High Court Allows Revision Against Wakf Tribunal's Refusal of Temporary Injunction in Property Possession Suit. Wakf Board's Claim of Public Wakf Property Supported by Registration and Gazette Notification.

The Maharashtra State Board of Wakf filed a Civil Revision Application under Section 83(9) of the Wakf Act, 1995, challenging an order of the Wakf Tri...

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Bombay High Court Examines Challenge to Advance Ruling on India-UAE DTAA and Revocable Trust Taxation. Writ Petitions Concern Taxability of Income from Indian Investments by UAE-Owned Trust Under Sections 61 and 63 of Income-tax Act, 1961 and Article 24 of India-UAE Tax Treaty.

The matter before the Bombay High Court consisted of two writ petitions filed by Abu Dhabi Investment Authority (ADIA) and Equity Trust (Jersey) Limit...

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Supreme Court Allows State's Appeal Against High Court's Quashing of VAT Assessment Orders. High Court Erred in Entertaining Writ Petitions Under Article 226 When Alternative Statutory Remedy of Appeal Was Available to Assessees Under Andhra Pradesh Value Added Tax Act.

The dispute arose from VAT assessment proceedings where the Assessing Officer passed assessment orders for various years against registered dealers. T...