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Supreme Court Allows Appeal and Restores 18% Interest in Arbitration Award Under Section 31(7)(b) of Arbitration and Conciliation Act, 1996. State Amendment to Repealed Act of 1940 Cannot Apply to Proceedings Under 1996 Act.

The appellant, M/s Shahi and Associates, a registered partnership firm, entered into an agreement dated 08.07.1993 with the Superintendent Engineer, D...

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Supreme Court Upholds Pre-emptive Purchase Order Under Income Tax Act for Undervalued Property. Appropriate Authority's Valuation Based on Comparable Sales Upheld as Reasonable.

The Supreme Court dismissed appeals by prospective buyers (Krishna Kumar Rawat & Ors.) and partly allowed the appeal by the Union of India against a H...

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Supreme Court Dismisses Revenue's Appeal in Income Tax Assessment Nullity Case Due to Amalgamation. Assessment in Name of Non-Existent Entity Held Void Despite Participation by Successor Company.

The Supreme Court dismissed the appeal filed by the Revenue against the judgment of the Delhi High Court which had upheld the Income Tax Appellate Tri...

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Supreme Court Allows Trade Union to File as Operational Creditor Under IBC — Workers' Dues Constitute Operational Debt. Trade Union, Being a Body Corporate Under Trade Unions Act, Can Represent Workmen Collectively for Insolvency Proceedings.

The appeal arose from a long-standing dispute concerning a jute mill that had been closed permanently on 07.03.2014. The appellant, JK Jute Mill Mazdo...

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Supreme Court Allows Appeal in Insurance Claim Dispute Due to Non-Communication of Exclusionary Clauses. The court restored the District Forum's order awarding compensation for theft loss, as the insurer failed to communicate exclusionary terms.

The appellant, Bharat Watch Company, a partnership firm, had insured its stock of watches with the National Insurance Co. Ltd. On the night of 3 Augus...