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"Bombay High Court Quashes Customs Show Cause Notice Issued After Unreasonable Delay" "A delayed show cause notice under the Customs Act, 1962 is set aside after an 8-year adjudication hiatus, reaffirming the importance of procedural fairness."

The Bombay High Court quashed a show cause notice (SCN) issued by the Directorate of Revenue Intelligence (DRI) under Section 28 of the Customs Act, 1...

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Customs Duty and Interest Obligations: Key Legal Insights. Understanding Liability on Confiscated Goods and the Impact of Recent Judicial Rulings

The Judgement addresses three key issues concerning customs duty and interest obligations under the Customs Act, 1962: Liability to Pay Customs Dut...

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Legal Proceedings Restoration and Conversion for Delayed Payments Dispute. Navigating the complex legal landscape of delayed payments with precision and determination.

The restoration and conversion of legal proceedings initiated by an Association of Small Enterprises against certain respondents for delayed payments....

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Supreme Court on Industrial Sickness and Compound Interest. The Supreme Court addresses the interplay of the Sick Industrial Companies Act (SICA) and compound interest claims in a case involving HDPE bag supply and payment disputes.

Applicability of Section 22(1) of the Sick Industrial Companies Act, 1985 (SICA) – Whether the bar on legal proceedings under Section 22 applies t...

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Supreme Court Upholds Registrar's Refusal to Register Curative Petitions in Interest on Delayed Payments Act Case. Curative Petitions Cannot Be Entertained When Review Petitions Are Dismissed in Open Court, Not by Circulation, Under Supreme Court Rules, 2013.

The dispute originated from the maintainability of a suit under the Interest on Delayed Payments to Small Scale and Ancillary Industrial Undertakings ...

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Supreme Court Allows Appeal in Bond Redemption Dispute, Upholding Defendant's Compliance with RBI Directives. Interest on Delayed Payment Not Payable Due to Regulatory Embargo and Pending Liquidation Proceedings Under Companies Act, 1956.

The dispute arose from a suit filed by M/s. SIBCO Investment Pvt Ltd against Small Industries Development Bank of India seeking interest on alleged be...