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Supreme Court Allows Appeal in Land Acquisition Case, Quashing High Court's Lapse Declaration. Acquisition Did Not Lapse Under Section 24(2) of the 2013 Act as Possession Was Taken, Despite Non-Payment of Compensation, Following Overruling of Pune Municipal Corporation Precedent.

The dispute arose from a land acquisition case where the Delhi Development Authority appealed against a High Court judgment that declared the acquisit...

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Supreme Court Reinstates Specific Performance Decree in Land Sale Agreement Dispute. Trial Court's Discretion to Enhance Sale Consideration Upheld as Plaintiff Demonstrated Readiness and Willingness Under Specific Relief Act, 1963.

The dispute arose from an agreement to sell dated 07.08.2005, where the defendants agreed to sell land to the plaintiff for Rs. 8,750 per cent, with a...

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Supreme Court Allows State's Appeal in Land Acquisition Case Due to Lack of Locus Standi of Subsequent Purchasers. Acquisition Does Not Lapse Under Section 24(2) of RFCTLARR Act, 2013 as Subsequent Purchasers Cannot Claim Compensation or Challenge Proceedings After Section 4 Notification.

The dispute arose from a land acquisition case where the State of Haryana appealed against a High Court judgment that declared the acquisition lapsed ...

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Supreme Court Allows Secured Creditor's Appeal in Priority Dispute Between SARFAESI Act and MSMED Act. SARFAESI Act's Express Priority Provisions Under Section 26E Prevail Over MSMED Act's Recovery Mechanism, as No Conflict Exists and Priority Must Be Expressly Provided.

The dispute arose from conflicting recovery claims under the SARFAESI Act and MSMED Act against a debtor, Mission Vivacare, which had defaulted on loa...

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Supreme Court Allows Assessees in Interest Tax Act Case on Hire-Purchase Instalments. Hire-purchase agreements are distinct from loans, and interest component in instalments is not taxable under Section 2(7) of the Interest-Tax Act, 1974, as it does not constitute interest on loans and advances.

The dispute involved a batch of civil appeals concerning the tax liability of non-banking finance and leasing companies under the Interest-Tax Act, 19...