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Search Results for "Circulars"

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Supreme Court

Supreme Court Dismisses Appeal in Electricity Regulatory Dispute Over Change in Law Claim. The Court upheld the Appellate Tribunal for Electricity's ruling that a communication from Coal India Limited permitting Inter Plant Transfer did not constitute a 'Change in Law' event under the Power Purchase Agreements, as it was an operational matter not altering the legal framework.

20 Apr 2023

The appeal arose from a dispute between electricity utilities and a power generator regarding compensation claims under Power Purchase Agreements. The...

Supreme Court

Supreme Court Upholds Borrowers' Right to Hearing in RBI Fraud Classification Directions. The Court held that principles of natural justice, specifically audi alteram partem, must be read into the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directions 2016 to prevent arbitrariness, as classification entails serious civil consequences under Clauses 8.9.4 and 8.9.5.

27 Mar 2023

The civil appeals arose from challenges to the Reserve Bank of India (Frauds Classification and Reporting by Commercial Banks and Select FIs) Directio...

Supreme Court

Supreme Court Directs SEBI to Investigate Alleged Securities Law Violations and Constitutes Expert Committee for Regulatory Strengthening. The Court ordered SEBI to probe specific issues including Rule 19A of the Securities Contracts (Regulation) Rules, 1957, and stock price manipulation, while establishing a committee to assess and improve investor protection mechanisms in response to market volatility.

2 Mar 2023

The Supreme Court addressed a batch of petitions arising from significant investor wealth loss in the securities market, triggered by a steep decline ...

Supreme Court

Supreme Court Sets Aside High Court Review Order in Teacher Salary Dispute Due to Exceeded Review Jurisdiction. Division Bench Erred by Rehearing Case Instead of Correcting Apparent Error Under Code of Civil Procedure, 1908, While Seniority-Based Salary Payment Within Sanctioned Posts Was Upheld Under Uttar Pradesh High Schools and Intermediate Colleges (Payment of Salaries of Teachers and other Employees) Act, 1971.

15 Feb 2023

The dispute originated from Tripathi Ramroop Sanskrit Vidyalaya, a recognized institution imparting Sanskrit education in Uttar Pradesh, which was gra...

Supreme Court

Supreme Court Dismisses Contempt Petitions in Madrasa Teacher Appointment Case Due to Lack of Explicit Directions for Salary Release. Contempt Jurisdiction Limited to Four Corners of Judgment; Verification of Qualifications and Statutory Conditions Required Under West Bengal Madrasa Service Commission Act, 2008.

2 Feb 2023

The Supreme Court dealt with multiple contempt petitions alleging willful violation of its earlier judgment in Shaikh Md. Rafique v. Managing Committe...

Supreme Court

Supreme Court Interprets Tax Exemption Calculation Method Under Gujarat Tourism Incentive Scheme. The court held that exemption limits under the New Package Scheme of Incentives for Tourism Projects, 1995-2000, should be calculated based on tax payable, not gross receipts, as per the exemption notification dated 14.02.1997 under Section 29(1) of the Gujarat Entertainments Tax Act, 1977.

2 Feb 2023

The appeal arose from a judgment of the Gujarat High Court concerning the interpretation of tax exemption calculations under the Gujarat New Package S...

Supreme Court

Supreme Court Dismisses Appeals in National Green Tribunal Act Case Upholding Illegal Storage Facility Removal. Ex Post Facto Clearance Under 2011 Notification Invalid as Storage Terminal Not Located 'In' Notified Port Under Paragraph 8 of Environment Protection Act, 1986.

1 Feb 2023

The appeals were lodged under Section 22 of the National Green Tribunal Act, 2010, challenging the National Green Tribunal's order that set aside an e...

Supreme Court

Supreme Court Dismisses Appeals in MRTP Act Compensation Dispute, Upholding NCLAT's Interest Award. Developer Found Guilty of Unfair Trade Practice for Delayed Construction and Cancellation, Entitling Complainant to Compound Interest Under Section 12B of Monopolies and Restrictive Trade Practices Act, 1969.

31 Jan 2023

The dispute originated from a 1989 flat allotment in Ghaziabad where the original applicant died and was succeeded by her daughter-in-law, who continu...

Supreme Court

Supreme Court Upholds High Court's Direction for Tender Process in Government Procurement Under National AYUSH Mission. The court held that paragraph 4(vi)(b) of the Operational Guidelines requires a transparent tendering process among eligible establishments, including IMPCL, Public Sector Undertakings, state government pharmacies, and cooperatives, to ensure competition and quality in the procurement of Ayurvedic medicines.

3 Jan 2023

The dispute arose from a petition filed by Kerala Ayurvedic Co-operative Society Limited before the Lucknow Bench of the High Court of Judicature at A...

Supreme Court

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.

3 Jan 2023

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...

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