Pre-trial bail granted where custodial period, documentary prosecution, and magistrate-triable offence favor release subject to surety and no witness ...
Allowability of Salary Exemptions: Form 16 entries can substantiate HRA and other salary exemptions, and home loan interest is deductible for a self-o...
Capital gains exemption: payment for plot, architect fees and bona fide commencement of construction can satisfy utilisation requirement and secure re...
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.
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