Search Results for "Punjab Industrial Tribunal"

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Bombay High Court Rules Share Issue Expenses to Dilute Foreign Equity as Capital Expenditure Under Income Tax Act, 1961. Interest on Share Application Money Cannot Be Adjusted Against Such Capital Expenditure.

The case involves an Income Tax Reference under Section 256(1) of the Income Tax Act, 1961, by the Income Tax Appellate Tribunal (Tribunal) at the ins...

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Bombay High Court Dismisses Stay Application in Arbitration Matter — Consent Order Not Stayed as No Prima Facie Case Made Out. Court held that a consent order passed under Section 9 of the Arbitration and Conciliation Act, 1996 cannot be stayed unless fraud or lack of jurisdiction is shown.

The petitioner, Tata Capital Financial Services Limited, a non-banking finance company, had sanctioned an invoice discounting facility of Rs. 20,00,00...

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Bombay High Court Dismisses Appeal Against Attachment Before Judgment in Recovery Suit by Financial Institutions. Non-Compliance With Order 38 Rule 5A CPC Does Not Invalidate Order Absent Prejudice.

The appeal arises from a suit filed by financial institutions (respondents 2 to 12) against J.K. Synthetics Limited (appellant) for recovery of dues. ...

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Bombay High Court Dismisses Management's Petitions Challenging School Tribunal's Order Quashing Termination of Teacher. Repeated Denovo Enquiries After Earlier Enquiries Are Quashed for Non-Compliance of Rules 36/37 of MEPS Rules, 1981 Are Impermissible.

The judgment involves two writ petitions filed by the Head Master (brother of the President) and the President of the educational institution, challen...

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Supreme Court Constitution Bench Examines Applicability of Part I of Arbitration Act, 1996 to Foreign-Seated Arbitrations. Reference Arises from Conflicting Views in Bhatia International and Venture Global Engineering.

The Supreme Court of India, by a reference order dated 16 January 2008, directed the listing of Civil Appeal No. 7019 of 2005 and connected matters be...

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Bombay High Court Full Bench Examines Reference on Whether Mathadi Act Applies Only to Casually Engaged Workers; Considers Statutory Definition of Unprotected Worker Under Section 2(11)

Background: A group of writ petitions were filed before the Bombay High Court by various employers including Kay Kay Embroideries P. Ltd., Bhulwalka S...