Just a moment...

Top
Help
×

By creating an account you can:

Logo TaxTMI
>
Call Us / Help / Feedback

Contact Us At :

E-mail: [email protected]

Call / WhatsApp at: +91 99117 96707

For more information, Check Contact Us

FAQs :

To know Frequently Asked Questions, Check FAQs

Most Asked Video Tutorials :

For more tutorials, Check Video Tutorials

Submit Feedback/Suggestion :

Email :
Please provide your email address so we can follow up on your feedback.
Category :
Description :
Min 15 characters0/2000
Make Most of Text Search
  1. Checkout this video tutorial: How to search effectively on TaxTMI.
  2. Put words in double quotes for exact word search, eg: "income tax"
  3. Avoid noise words such as : 'and, of, the, a'
  4. Sort by Relevance to get the most relevant document.
  5. Press Enter to add multiple terms/multiple phrases, and then click on Search to Search.
  6. Text Search
  7. The system will try to fetch results that contains ALL your words.
  8. Once you add keywords, you'll see a new 'Search In' filter that makes your results even more precise.
  9. Text Search
Add to...
You have not created any category. Kindly create one to bookmark this item!
Create New Category
Hide
Title :
Description :
❮❮ Hide
Default View
Expand ❯❯
Close ✕
🔎 Case Laws - Adv. Search
TEXT SEARCH:

Press 'Enter' to add multiple search terms. Rules for Better Search

Search In:
Main Text + AI Text
  • Main Text
  • Main Text + AI Text
  • AI Text
  • Title Only
  • Head Notes
  • Citation
Party Name: ?
Party name / Appeal No.
Include Word: ?
Searches for this word in Main (Whole) Text
Exclude Word: ?
This word will not be present in Main (Whole) Text
Law:
---- All Laws----
  • ---- All Laws----
  • GST
  • Income Tax
  • Benami Property
  • Customs
  • Corporate Laws
  • Securities / SEBI
  • Insolvency & Bankruptcy
  • FEMA
  • Law of Competition
  • PMLA
  • Service Tax
  • Central Excise
  • CST, VAT & Sales Tax
  • Wealth tax
  • Indian Laws
Courts: ?
Select Court or Tribunal
---- All Courts ----
  • ---- All Courts ----
  • Supreme Court - All
  • Supreme Court
  • SC Orders / Highlights
  • High Court
  • Appellate Tribunal
  • Tribunal
  • Appellate authority for Advance Ruling
  • Advance Ruling Authority
  • National Financial Reporting Authority
  • Competition Commission of India
  • ANTI-PROFITEERING AUTHORITY
  • Commission
  • Central Government
  • Board
  • DISTRICT/ SESSIONS Court
  • Commissioner / Appellate Authority
  • Other
Situ: ?
State Name or City name of the Court
Landmark: ?
Where case is referred in other cases
---- All Cases ----
  • ---- All Cases ----
  • Referred in >= 3 Cases
  • Referred in >= 4 Cases
  • Referred in >= 5 Cases
  • Referred in >= 10 Cases
  • Referred in >= 15 Cases
  • Referred in >= 25 Cases
  • Referred in >= 50 Cases
  • Referred in >= 100 Cases
From Date: ?
Date of order
To Date:
TMI Citation:
Year
  • Year
  • 2025
  • 2024
  • 2023
  • 2022
  • 2021
  • 2020
  • 2019
  • 2018
  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • 2011
  • 2010
  • 2009
  • 2008
  • 2007
  • 2006
  • 2005
  • 2004
  • 2003
  • 2002
  • 2001
  • 2000
  • 1999
  • 1998
  • 1997
  • 1996
  • 1995
  • 1994
  • 1993
  • 1992
  • 1991
  • 1990
  • 1989
  • 1988
  • 1987
  • 1986
  • 1985
  • 1984
  • 1983
  • 1982
  • 1981
  • 1980
  • 1979
  • 1978
  • 1977
  • 1976
  • 1975
  • 1974
  • 1973
  • 1972
  • 1971
  • 1970
  • 1969
  • 1968
  • 1967
  • 1966
  • 1965
  • 1964
  • 1963
  • 1962
  • 1961
  • 1960
  • 1959
  • 1958
  • 1957
  • 1956
  • 1955
  • 1954
  • 1953
  • 1952
  • 1951
  • 1950
  • 1949
  • 1948
  • 1947
  • 1946
  • 1945
  • 1944
  • 1943
  • 1942
  • 1941
  • 1940
  • 1939
  • 1938
  • 1937
  • 1936
  • 1935
  • 1934
  • 1933
  • 1932
  • 1931
  • 1930
Volume
  • Volume
  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
TMI
Example : 2024 (6) TMI 204
By Case ID:

When case Id is present, search is done only for this

Sort By:
RelevanceDefaultDate
    No Records Found
    ❯❯
    MaximizeMaximizeMaximize
    0 / 200
    Expand Note
    Add to Folder

    No Folders have been created

      +

      Are you sure you want to delete "My most important" ?

      NOTE:

      Case Laws
      Showing Results for :
      Reset Filters
      Results Found:
      AI TextQuick Glance by AIHeadnote
      Show All SummariesHide All Summaries
      No Records Found

      Case Laws

      Back

      All Case Laws

      Showing Results for :
      Reset Filters
      Showing
      Records
      ExpandCollapse
        No Records Found

        Case Laws

        Back

        All Case Laws

        Showing Results for : Reset Filters
        Case ID :

        📋
        Contents
        Note

        Note

        -

        Bookmark

        print

        Print

        Login to TaxTMI
        Verification Pending

        The Email Id has not been verified. Click on the link we have sent on

        Didn't receive the mail? Resend Mail

        Don't have an account? Register Here

        <h1>Supreme Court orders immediate auction of Aamby Valley property after rejecting further time extension for outstanding dues payment</h1> <h3>Securities and Exchange Board of India Versus Sahara India Real Estate Corpn. Ltd.</h3> The SC rejected the respondent-contemnor's request for further time to pay outstanding dues to SEB, despite multiple previous extensions. The Court found ... Delayed payment of dues to the SEB - Liberty granted on number of occasions to the respondent-contemnor to pay the amount by depositing the same in SEBI-Sahara account - Except hyperbolic arguments and rhetoric statements, the amount in entirety has not been paid - whether further time to the respondent-contemnor for payment of the outstanding dues be provided or proceed with the auction of the Aamby Valley property? HELD THAT:- Grant of further time to the respondent-contemnor and entertaining post-dated cheques which are dated 11th November, 2017, would tantamount to travesty of justice and extending unwarranted sympathy to a person who is indubitably an abuser of the process of law. He, who thinks or for that matter harbours the notion that he can play with law, is under wrong impression. We are constrained to state that the respondent-contemnor in his own way has treated this Court as a laboratory and has made a maladroit effort to play, possibly thinking that he can survive on the ventilator as long as he can. He would have been well advised that a person who goes on a ventilator may not survive for long and, in any case, a time would come when he has to be comatosed. Here comatose takes place as regards the ambitious effort made by the respondent-contemnor. Therefore, we direct without any hesitation that the auction shall be held as per the direction given by this Court and the Official Liquidator is permitted to carry out the auction as per procedure and during the auction the Registrar General of the High Court of Bombay, who is designated as Supreme Court appointee, shall remain personally present to over see the physical auction at the auction venue at Mumbai. 1. ISSUES PRESENTED and CONSIDEREDThe Supreme Court of India considered the following core legal issues in this judgment:Whether the respondent-contemnor has complied with the orders of the Court regarding the payment of dues to the SEBI-Sahara Refund Account.Whether the Court should grant further time to the respondent-contemnor for payment of the outstanding dues or proceed with the auction of the Aamby Valley property.Whether the Court should entertain the respondent-contemnor's proposal to pay the outstanding amount through post-dated cheques.Whether the auction process for the Aamby Valley property should be allowed to proceed as per the Official Liquidator's proposed schedule.2. ISSUE-WISE DETAILED ANALYSISIssue 1: Compliance with Court OrdersRelevant Legal Framework and Precedents: The legal framework involves the enforcement of Court orders and contempt proceedings due to non-compliance. The precedents emphasize the importance of adhering to Court directives and the consequences of contempt.Court's Interpretation and Reasoning: The Court noted the respondent-contemnor's history of non-compliance and the substantial amounts still owed. The Court expressed skepticism about the contemnor's intentions, given the repeated failures to meet payment deadlines.Key Evidence and Findings: The Court observed that despite some payments, a significant balance remained unpaid. The contemnor's assurances and partial payments were insufficient to satisfy the Court's orders.Application of Law to Facts: The Court applied the principles of contempt law, emphasizing the contemnor's obligation to comply with its orders and the consequences of failing to do so.Treatment of Competing Arguments: The contemnor's argument that substantial payments had been made was countered by the Court's emphasis on the outstanding balance and the need for full compliance.Conclusions: The Court concluded that the contemnor had not complied with its orders and that further indulgence was unwarranted.Issue 2: Granting Further Time for PaymentRelevant Legal Framework and Precedents: The Court considered the principles of reasonableness and the need to balance indulgence with enforcement of its orders.Court's Interpretation and Reasoning: The Court expressed its disinclination to grant further time, citing the contemnor's history of non-compliance and the need to uphold the integrity of its orders.Key Evidence and Findings: The contemnor's request for additional time was viewed in light of previous failures to meet deadlines and the ongoing non-payment issue.Application of Law to Facts: The Court applied the principle that justice should not be delayed, emphasizing the need for prompt compliance with its orders.Treatment of Competing Arguments: The contemnor's plea for more time was weighed against the Court's interest in ensuring compliance and preventing further delays.Conclusions: The Court decided against granting further time, directing the auction process to proceed.Issue 3: Acceptance of Post-Dated ChequesRelevant Legal Framework and Precedents: The Court considered the reliability and enforceability of post-dated cheques in the context of compliance with its orders.Court's Interpretation and Reasoning: The Court viewed the acceptance of post-dated cheques as a potential delay tactic and expressed concern over the contemnor's sincerity.Key Evidence and Findings: The contemnor proposed to pay the outstanding amount through post-dated cheques, which the Court found unsatisfactory.Application of Law to Facts: The Court applied the principle of ensuring immediate compliance and avoiding further procrastination.Treatment of Competing Arguments: The contemnor's proposal was rejected in favor of ensuring immediate and full compliance with the Court's orders.Conclusions: The Court refused to accept post-dated cheques, directing the auction to proceed.Issue 4: Proceeding with the AuctionRelevant Legal Framework and Precedents: The Court considered the procedures for auctioning properties to recover dues and the role of the Official Liquidator in the process.Court's Interpretation and Reasoning: The Court emphasized the need to proceed with the auction to ensure recovery of the outstanding dues and prevent further delays.Key Evidence and Findings: The Official Liquidator's proposed auction schedule was reviewed, and the Court found it necessary to move forward with the process.Application of Law to Facts: The Court applied principles of expediency and efficiency in directing the auction to proceed as scheduled.Treatment of Competing Arguments: The contemnor's objections to the auction were dismissed, with the Court prioritizing compliance and recovery of dues.Conclusions: The Court directed the auction to proceed as per the Official Liquidator's schedule, with oversight by a designated Supreme Court appointee.3. SIGNIFICANT HOLDINGSPreserve verbatim quotes of crucial legal reasoning: 'He, who thinks or for that matter harbours the notion that he can play with law, is under wrong impression.'Core principles established: The Court reinforced the principle that compliance with its orders is mandatory and that non-compliance will not be tolerated. It emphasized the importance of timely enforcement of orders to uphold the rule of law.Final determinations on each issue: The Court concluded that the contemnor had failed to comply with its orders, refused to grant further time or accept post-dated cheques, and directed the auction of the Aamby Valley property to proceed as scheduled.

        Topics

        ActsIncome Tax
        No Records Found