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Supreme Court Allows Secured Creditor's Appeal in Customs Duty Priority Dispute Over Wound-Up Company's Hypothecated Goods. Held that customs authorities do not have priority over secured creditors under Section 529A of Companies Act, 1956 for sale of warehoused goods under Customs Act, 1962.

The appeal by Industrial Development Bank of India (IDBI) challenged the judgment of the Andhra Pradesh High Court which held that customs authorities...

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Bombay High Court Dismisses Petition Challenging Search Warrant Under Section 132 of Income Tax Act, 1961 — No Violation of Natural Justice as Assessee Was Heard Before Assessment Orders Were Passed.

The petitioner, Hemendra Ranchhoddas Merchant, an erstwhile partner of a dissolved firm and now proprietor of M/s. Sriram Warehousing Corporation, fil...

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Madras High Court Allows SIPCOT's Appeal in Sub-Leasing Dispute — Demand for Sub-Leasing Charges Upheld. Lease Agreement Clause 2(vii) Prohibiting Sub-Leasing Without Consent and Requiring Payment of Charges is Valid and Enforceable.

The case involves two writ appeals filed by State Industries Promotion Corporation of Tamil Nadu Limited (SIPCOT) against orders of a learned Single J...