Online bond platforms may offer overseas-regulated products and tax-specific bonds subject to disclosures, compliance safeguards and revised complianc...
Corporate guarantee valuation permits actual ascertainable commission while barring retroactive application and extended-period penalties for bona fid...
Proper-officer jurisdiction under UPGST penalty provisions upheld; participation on merits prevents bypassing the statutory appellate remedy through w...
Transitioned CENVAT credit may validly satisfy mandatory pre-deposit requirements for legacy service tax appeals through Electronic Credit Ledger debi...
Building-plan sanction charges require statutory authority; unauthorised fees and GST were quashed, while labour cess must follow prescribed collectio...
Pure-agent exclusion fails where hotel booking facilitators receive third-party services themselves, making entire customer consideration taxable as r...
For enforcement of a foreign arbitral award, Article 137 applies and limitation runs from accrual of the right to apply, which may arise on communication of the signed award rather than invariably on the award date; on the facts stated, the petition was timely because the award was communicated later. The public policy objection failed because refusal of enforcement is confined narrowly to Section 48 grounds, and the transaction was treated as a commercial arrangement rather than a factoring transaction requiring registration. Joint and several liability under the award meant pursuit of one debtor did not bar action against another absent clear waiver or novation; the forbearance agreement did not extinguish liability.
For enforcement of a foreign arbitral award, Article 137 applies and limitation runs from accrual of the right to apply, which may arise on communication of the signed award rather than invariably on the award date; on the facts stated, the petition was timely because the award was communicated later. The public policy objection failed because refusal of enforcement is confined narrowly to Section 48 grounds, and the transaction was treated as a commercial arrangement rather than a factoring transaction requiring registration. Joint and several liability under the award meant pursuit of one debtor did not bar action against another absent clear waiver or novation; the forbearance agreement did not extinguish liability.
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