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Supreme Court Sets Aside Bail Granted by High Court in PMLA Case — Twin Conditions Under Section 45 Not Satisfied. High Court Erred in Holding Section 50 Statements Inadmissible and Ignoring Rigours of Section 45 PMLA.

The Supreme Court set aside the bail granted by the Patna High Court to Kanhaiya Prasad in a money laundering case under the Prevention of Money Laund...

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Bombay High Court Enforces Foreign Arbitral Award in Favour of Assignee Under Part II of Arbitration and Conciliation Act, 1996. Assignment of Contractual Rights and Arbitration Agreement Valid Under Sudanese Law; Respondent's Public Policy Challenge Rejected.

The petitioner, Neilan International Co Ltd, a Sudanese company, sought enforcement of a foreign arbitral award dated 27 September 2018 passed by the ...

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Supreme Court Dismisses Appeal by Builder in Consumer Dispute Over Double Allotment and Forfeiture. Purchase of Flat for Director's Personal Use Held Not Commercial, Affirming Consumer Status Under Section 2(7) of Consumer Protection Act, 2019.

The respondent, Kushalraj Land Developers Pvt. Ltd., a real estate company, booked a flat in the appellant's project 'Omkar 1973 Worli' for the reside...

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Bombay High Court Dismisses Plaintiffs' Suit for License Fee and Compensation, Allows Defendant's Counter-Claim for Losses Due to Suppression of No Development Zone Status. Plaintiffs held liable for fraudulent misrepresentation regarding land use, entitling Defendant to damages for demolished tower.

The plaintiffs, owners of a larger property in Madh, Malad, Mumbai, entered into a leave and license agreement with the defendant, a telecom company, ...

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Supreme Court Allows Appeal in Income Tax TDS Case — Liquor Vendors Are Not 'Buyers' Under Section 206C of Income Tax Act, 1961. Court holds that excise contractors acquiring arrack under state-controlled system are excluded from definition of 'buyer' under Explanation (a)(iii) of Section 206C.

The appeal arose from a dispute under Section 206C of the Income Tax Act, 1961, concerning tax collection at source on the sale of alcoholic liquor. T...