Transaction value rejection requires reliable corroboration; refundable VAT is excluded and temporary registration does not defeat new-vehicle exempti...
Appellate jurisdiction remains available where a wrist-worn gold ornament cannot conclusively be characterised as imported baggage at the preliminary ...
Written complaint requirement bars cognizance on police reports for securities offences, while unsupported breach of trust and cheating allegations fa...
Section 35 of the Arbitration and Conciliation Act binds not only the parties to an award but also persons claiming through or under them, so an award may be executed against non-signatories where their capacity or possession is derived from the award-debtor. Applying Cheran Properties and Cox and Kings, the HC found that the special purpose vehicle was created and controlled by the petitioners for their benefit, with its management, finances and operations entirely sourced from them; on those facts, the vehicle was inseparable from the petitioners for execution purposes. The executing court was therefore justified in proceeding against them under Section 35 read with Section 36 and Order XXI Rule 11 CPC, and the execution objections were rejected.
Section 35 of the Arbitration and Conciliation Act binds not only the parties to an award but also persons claiming through or under them, so an award may be executed against non-signatories where their capacity or possession is derived from the award-debtor. Applying Cheran Properties and Cox and Kings, the HC found that the special purpose vehicle was created and controlled by the petitioners for their benefit, with its management, finances and operations entirely sourced from them; on those facts, the vehicle was inseparable from the petitioners for execution purposes. The executing court was therefore justified in proceeding against them under Section 35 read with Section 36 and Order XXI Rule 11 CPC, and the execution objections were rejected.
Note: It is a system-generated summary and is for quick reference only.
TaxTMI 
of 4807
Join Channel
TaxTMI 
