Search Results for "Mandatory Time Limit"

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Supreme Court Upholds SEBI Order Against Corporate Giant in Futures Manipulation Case. The Court held that cornering 93.63% open interest through agents and dumping shares to depress settlement price constituted fraud under PFUTP Regulations.

The case involves appeals by Reliance Industries Limited (RIL) against orders of the Securities Appellate Tribunal (SAT) which upheld SEBI's findings ...

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Bombay High Court Quashes Termination of Contract in Municipal Tender Dispute — Unilateral Termination Without Notice and Opportunity of Hearing Violates Principles of Natural Justice. Contract Termination Set Aside as Arbitrary and Unreasonable Under Article 226 of the Constitution of India.

The petitioner, K.I.P.L. Vistacore Infra Projects J.V., a partnership firm, was awarded a contract by the Ichalkaranjee Municipal Council for a projec...

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Supreme Court Upholds Age Limit and Recruitment Interval Rules for Uttar Pradesh Higher Judicial Service. Rules 8(1) and 12 of UPHJS Rules, 1975 Held Valid as Not Manifestly Arbitrary Under Articles 14 and 16.

The Supreme Court considered the constitutional validity of Rules 8(1) and 12 of the Uttar Pradesh Higher Judicial Service Rules, 1975. The petitioner...

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Bombay High Court Upholds Setting Aside of Arbitral Award for Being Beyond Stipulated Time — Arbitration Clause Mandates Award Within Four Months of Entering Reference, Failure Renders Award Void.

The appeal arose from an order of a learned single Judge of the Bombay High Court setting aside an arbitral award dated 17th August 2006 on the ground...

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Supreme Court Dismisses Appeal in Mining Lease Renewal Case Due to Time-Barred Application Under Rule 28 of Mines Concession Rules, 1960. Rule 28 held mandatory and intra vires; application received less than six months before lease expiry could not be entertained.

The appeal arose from a mining lease held by the appellant company, which was due to expire on March 22, 1962. Rule 28(1) of the Mines Concession Rule...

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Bombay High Court Upholds Constitutional Validity of Time Limit for Availing Input Tax Credit Under Section 16(4) of CGST Act. The court held that the time limit is mandatory and not directory, and retrospective amendments are valid.

The Bombay High Court, in a batch of writ petitions, addressed the constitutional validity and interpretation of Section 16(4) of the Central Goods an...