Mutual fund maturity rules require proper rollover, redemption, disclosure, and due diligence; investor gains cannot excuse regulatory breaches or pen...
Threshold exemption excludes exempt services, while stamp-paper purchases avoid reverse charge; consequential service tax penalties were also set asid...
Employee conflict disclosures and investment restrictions expand with new recusal duties, post-employment limits, and compliance reporting requirement...
Dishonour of Cheque - The petitioner challenged the dismissal of his application for summoning records/documents for cross-examination purposes. - The High Court reiterated the conditions under which documents could be summoned – when they are deemed "necessary or desirable" for the case's adjudication. The Court found that the documents the petitioner sought were neither relevant nor necessary for a fair trial of the complaint filed under Section 138 of the NI Act. The Court emphasized that the documents' summoning at this stage appeared to be a tactic for a roving inquiry and to unduly delay the trial. Consequently, the petition was dismissed.
Dishonour of Cheque - The petitioner challenged the dismissal of his application for summoning records/documents for cross-examination purposes. - The High Court reiterated the conditions under which documents could be summoned – when they are deemed "necessary or desirable" for the case's adjudication. The Court found that the documents the petitioner sought were neither relevant nor necessary for a fair trial of the complaint filed under Section 138 of the NI Act. The Court emphasized that the documents' summoning at this stage appeared to be a tactic for a roving inquiry and to unduly delay the trial. Consequently, the petition was dismissed.
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