Search Results for "Interest Liability"

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Supreme Court Dismisses Union of India's Appeal in 2G Spectrum Case -- Clarifies Reserve Price Payment Timeline Under Supreme Court Orders -- TDSAT Order Upheld with Corrected Interpretation

The Supreme Court addressed an appeal by the Union of India against a TDSAT order regarding payment of reserve price by Sistema Shyam Teleservices Lim...

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Appellant Appeals Compensation Award -- High Court Limits Insurer Liability to Indemnity Terms -- Medical Expenses and Interest Excluded Under Policy Conditions in Employees Compensation Act Case

The Divisional Manager of Appellant Company appealed against a compensation award that held the insurer liable for medical expenses and interest under...

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High Court of Karnataka Partly Allows Insurance Company's Appeal in Workmen's Compensation Case, Modifies Award to Exempt Insurer from Interest Liability Under Policy Exclusion

Appellant appealed against a Judgment and Award that granted compensation of Rs.6,92,760/- with 12% interest to the claimants, the wife and son of dec...

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Interest on Compensation – Employee’s Compensation Act, 1923 – Statutory Mandate of 12% Interest on Delay – Insurer’s Liability for Payment – Supreme Court Clarifies Position

Employee’s Compensation Act, 1923 – Section 4A(3) – Interest at 12% per annum held to be mandatory on delay in payment of compensation – Insur...

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"Bombay High Court Dismisses B.V. Jewels' Plea, Upholds Interest Demand on Customs Liability" "Customs Act’s interest provisions reaffirmed; liabilities clarified."

Acts and Sections Discussed: Customs Act, 1962: Section 18(3): Interest on final/re-assessment orders. Section 28: Recovery of duties not levie...

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GST Refund Granted Due to Retrospective Amendments: Court Directs Refund Without Interest Affidavit confirms petitioner’s entitlement; amended Section 50(3) exempts interest liability.

The petitioner filed a writ petition challenging an order by the Joint Commissioner (Appeals) that declined a refund claim. Since the GST Tribunal was...

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Petitioner Granted Loan Waiver under Chhatrapati Shivaji Maharaj Shetkari Sanman Yojana-2017 Despite Loan Secured by Gold Ornaments Court Allows Petition, Directs Bank to Extend Loan Waiver Benefits to Agriculturist Petitioner

The court ruled in favor of the Petitioner, directing the Bank of Maharashtra to extend the benefits of the "Chhatrapati Shivaji Maharaj Shetkari Sanm...

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Customs Duty and Interest Obligations: Key Legal Insights. Understanding Liability on Confiscated Goods and the Impact of Recent Judicial Rulings

The Judgement addresses three key issues concerning customs duty and interest obligations under the Customs Act, 1962: Liability to Pay Customs Dut...

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Supreme Court Validates NCLAT's Ruling on Financial Debt Classification under IBC. Global Credit Capital Limited and others deemed financial creditors in Mount Shivalik Industries Ltd. insolvency case.

The Supreme Court upheld the decision of the National Company Law Appellate Tribunal (NCLAT), confirming that the appellants are financial creditors u...