Statutory transfer formalities invalidated alleged share and property transfers, while retrospective record manipulation constituted oppression and mi...
Provisional attachment of laundered funds and equivalent-value property sustained, with statutory protection limited to pension, gratuity and providen...
Insolvency moratorium does not shield company officers from cheque dishonour prosecution for liability arising before corporate insolvency proceedings...
Advance-ruling mechanism governs pending GST classification, exemption and taxability disputes, limiting writ review once the specialised forum functi...
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Provisional Release of seized of vehicle - Vehicle sold by the diplomat in breach of conditions of import - bona fide purchaser - liability of paying the entire differential duty and executing a bank guarantee - The High court deliberates on the responsibility and liability of the petitioner in light of the breach of import conditions by the diplomat. While acknowledging the breach, the court considers the petitioner's status as a bona fide purchaser who acquired the vehicle from subsequent owners in India, thereby mitigating the extent of liability imposed on them. - Consequently, the HC modified the conditions for provisional release.
Provisional Release of seized of vehicle - Vehicle sold by the diplomat in breach of conditions of import - bona fide purchaser - liability of paying the entire differential duty and executing a bank guarantee - The High court deliberates on the responsibility and liability of the petitioner in light of the breach of import conditions by the diplomat. While acknowledging the breach, the court considers the petitioner's status as a bona fide purchaser who acquired the vehicle from subsequent owners in India, thereby mitigating the extent of liability imposed on them. - Consequently, the HC modified the conditions for provisional release.
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