Search Results for "Delayed Payment"

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Bombay High Court Issues Notice in Service Matter Challenging Deletion of Names ...
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Search Results for "Delayed Payment"

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High Court

High Court Dismisses Petition Challenging Arbitral Award Under Section 34 of Arbitration and Conciliation Act, 1996 - Upholds Arbitral Tribunal's Jurisdiction and Interest Award Under MSMED Act. Court held that remedy under Section 18 of Micro, Small and Medium Enterprises Development Act, 2006 is optional, not exclusive, and ad hoc arbitration permissible, with interest under Section 16 MSMED Act upheld.

10 Mar 2026

The dispute arose from a contract for supply of VRLA batteries between Petitioner, a government enterprise, and Respondent, a company registered under...

Supreme Court

Supreme Court Partially Allows Appeal in Arbitration Dispute Over Road Widening Contract — Upholds High Court's Setting Aside of Claims for Idle Labour and Interest on Delayed Bills, Restores Claim for Interest on Blocked Capital. The Court held that the High Court correctly set aside claim for idle labour as per contract terms, but erred in setting aside interest on delayed payment where contract did not prohibit it.

27 Aug 2024

The dispute arose from a contract for widening and strengthening of a road in West Bengal, awarded to Pam Developments Private Limited (the appellant)...

High Court

Bombay High Court Dismisses Ex-Promoters' Gratuity Claims, Holds Directors in Control Not 'Employees' Under Payment of Gratuity Act. Founders who were in absolute control of company affairs cannot claim gratuity as employees despite drawing salary, as they fall outside the definition of 'employee' under Section 2(e) of the Payment of Gratuity Act, 1972.

20 Aug 2024

The petitioners, Anil Govind Ganu and Ashwini Anil Ganu, were the founders and directors of Innovative Technomics Pvt. Ltd. They claimed gratuity for ...

Supreme Court

Supreme Court Directs Compensation for Delayed Possession in Fiesta Homes Project. The Supreme Court mandates compensation for homebuyers, correcting NCDRC's oversight of the construction agreement's possession date.

22 Jul 2024

The appellants, along with proforma respondents, filed a complaint against the first respondent-builder for delay in handing over possession of flats ...

Supreme Court

Supreme Court dismisses SSPL’s appeal, upholds High Court’s decision setting aside arbitral award. The Supreme Court reinforces the statutory provisions of the Interest on Delayed Payments Act, 1993, emphasizing the applicability of the 120-day limit for payments and the role of the amended proviso in contractual obligations.

5 Mar 2024

Leave Granted:The Court granted leave to appeal in this case involving Snehadeep Structures Pvt. Ltd. (SSPL) and Maharashtra Small Scale Indus...

Supreme Court

Supreme Court Dismisses Appeal in Company Winding Up Petition Under Companies Act, 1956 Due to Lack of Bona Fide Dispute. Concurrent Findings Upheld as Appellant's Defence Was Vague and Non-Specific in Reply to Statutory Notice Under Sections 433(e) and 434.

6 Apr 2021

The dispute arose from a transaction where the respondent, a manufacturer of acrylic yarn, supplied material on credit to the appellant. The appellant...

High Court

Bombay High Court Partially Sets Aside Arbitral Award in Union of India v. Richa Constructions — Interest on Delayed Payment of Running Account Bills and Compensation for Loss of Profit on Unexecuted Work. The court upheld the award of simple interest at 12% per annum on delayed payment of running account bills but set aside the award of interest on interest, and reduced the compensation for loss of profit from 10% to 7.5%.

3 Jun 2019

The Union of India filed a petition under Section 34 of the Arbitration and Conciliation Act, 1996, challenging an arbitral award dated 29 March 2017,...

High Court

High Court of Bombay at Nagpur Dismisses State Bank of India's Challenge to CAT Order Directing Payment of 12% Interest on Delayed Retiral Benefits to Retired Railway Employee. Bank Held Liable for Delay in Disbursement Despite Railways Depositing Funds Timely.

21 Mar 2017

The petitioner, State Bank of India, challenged the order of the Central Administrative Tribunal (CAT), Nagpur, dated 03/05/2013, which directed the b...

High Court

Bombay High Court Allows Interest on Delayed Refund of Pre-deposit in Customs Appeal — Pre-deposit Amounts Refundable with Interest from Date of Deposit When Appeal Succeeds. The Court held that pre-deposit made under Section 112 of Customs Act, 1962 is not a tax but a condition for appeal, and its refund must carry interest from the date of deposit when the appeal is allowed.

19 Jun 2013

The petitioners, Abdulla Gani and another, were appellants before the Customs, Excise and Service Tax Appellate Tribunal (CESTAT) against an order of ...

High Court

Bombay High Court Allows Gratuity Claim in Payment of Gratuity Act Case — Resignation Not Ground for Forfeiture. Forfeiture of gratuity under Section 4(6) of Payment of Gratuity Act, 1972 requires termination for misconduct causing damage; resignation does not justify forfeiture.

11 Mar 2005

The petitioner, H. Jayarama Shetty, joined the respondent Sangli Bank Ltd. on 28 May 1991. On 3 May 1994, a show cause notice was issued regarding irr...

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