Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Interim release of seized cash to the Income Tax Department was treated as a protective arrangement pending determination of its source, tax liability and ownership. The Trial Court required an indemnity bond and deposit of the amount in a nationalised bank fixed deposit with automatic renewal, preserving the parties' positions until final adjudication. The High Court found that this arrangement caused no prejudice warranting intervention under Articles 226 and 227, as all substantive issues remained open. The criminal petition challenging the interim arrangement was dismissed, while the income-tax proceedings were to be concluded expeditiously and further relief could be sought before the Trial Court.
Interim release of seized cash to the Income Tax Department was treated as a protective arrangement pending determination of its source, tax liability and ownership. The Trial Court required an indemnity bond and deposit of the amount in a nationalised bank fixed deposit with automatic renewal, preserving the parties' positions until final adjudication. The High Court found that this arrangement caused no prejudice warranting intervention under Articles 226 and 227, as all substantive issues remained open. The criminal petition challenging the interim arrangement was dismissed, while the income-tax proceedings were to be concluded expeditiously and further relief could be sought before the Trial Court.
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