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Deemed Conveyance under MOFA Cannot Be Set Aside Merely on Technical Objections When Developer Fails to Execute Conveyance – Bombay High Court

The dispute arose when a cooperative housing society sought deemed conveyance of the land and building from the developer who had failed to execute th...

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Supreme Court Allows Appeal in IBC Section 7 Application — Cumulative Redeemable Preference Shares Held as Debt, Not Investment. The Court held that CRPS constitute a debt under Section 3(11) of IBC, 2016, and the appellant is a financial creditor entitled to file an application under Section 7.

The appeal arises from the dismissal of the appellant's application under Section 7 of the Insolvency and Bankruptcy Code, 2016 (IBC) by the NCLT and ...

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Bombay High Court Allows Petition of CHB Teacher Against University for Denial of Approval and Termination. University's failure to consider representation and termination without notice violates principles of natural justice and University Ordinances.

The Petitioner, Dr. Gaikwad Rajashri Nitin @ Rajashri Prataprao Mohite, was appointed as a Clock Hour Basis (CHB) teacher at Yashwantrao Chavan Vidyal...

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High Court Enhances Compensation for Injured Claimant in Motor Accident Case Due to Incorrect Income Assessment and Omission of Future Prospects. Notional Income Revised to Rs.13,250/- per Month and 40% Future Prospects Added Under Motor Vehicles Act, 1988.

The appellant, Madhukumar @ Madhu H.R., sustained grievous injuries in a motor vehicle accident on 25.09.2019 when a Nissan car driven rashly and negl...

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Bombay High Court at Goa Upholds Compensation for Housewife's Permanent Disability in Motor Accident Case. Notional Income of Housewife Assessed at ₹4,000 per Month for Computing Compensation Under Motor Vehicles Act, 1988.

The case arises from a motor accident that occurred on 25 August 2009, when a vehicle bearing registration No. GA 07/C-0989, driven by Rajendra Datta ...

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Supreme Court Dismisses Assessee's Claim to Treat Compensation as Capital Receipt Under Income Tax Act. Lump sum payment received by managing agent for reduction in remuneration held to be revenue receipt as it was in lieu of future profits and not for loss of managing agency.

The assessee firm, M/s. Godrej & Company, was appointed managing agent of a limited company for thirty years from November 9, 1933, under an agreement...