Search Results for "clarification application"

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Supreme Court Allows Banks' Appeals in RBI Fraud Classification Case Regarding Natural Justice Requirements. Court Holds No Absolute Right to Personal Hearing or Full Forensic Audit Report Disclosure Under RBI Master Directions Issued Under Section 35A Banking Regulation Act, 1949.

The dispute arose from the classification of loan accounts as 'fraud' by banks under the Reserve Bank of India's Master Directions. The appellant bank...

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Supreme Court Upholds Enhanced Share Valuation, Awards Interest at 6% Pre-Decree and 9% Post-Decree in Decades-Old Dispute. Balancing Equity and Commercial Realities: SC Modifies Interest Rates in Rajasthan State Mines Share Acquisition Case

Valuation of Shares – The Supreme Court affirmed the High Court’s valuation of shares at ₹640 per share, rejecting the State’s objections. Th...

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Supreme Court Dismisses Intervention Application in Customs Act Criminal Proceedings. Applicant Sought Clarification of Earlier Judgment to Quash Pending Cases, But Court Held Each Court Must Test Facts for Applicability of Binding Law.

The background of the dispute involved a miscellaneous application filed by Amit Jalan, who was not a party to the original proceedings in Criminal Ap...

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Supreme Court Disposes Clarification Application Regarding Default Bail Judgment Scope. The court corrected paragraph 51 of its earlier judgment to clarify it only addressed the issue referred to the larger bench, with other appeal issues remaining pending for appropriate bench consideration.

The background involved an application filed by the applicant/appellant seeking clarification of a judgment dated 27th March, 2023 passed by the Supre...

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Supreme Court Dismisses Union of India's Appeal in IMTRAT Allowance Parity Case. High Court's Clarification on Parity Between Bhutan Compensatory Allowance and Foreign Allowance Upheld as Within Scope of Original Order.

The case involves a dispute over compensatory allowances payable to Indian Military Training Team (IMTRAT) personnel posted in Bhutan. The IMTRAT pers...