Transfer pricing comparability requires functional alignment, reliable financial data, and careful review of working capital and receivables adjustmen...
Transfer pricing rules require benchmarking corporate guarantees and associated-enterprise advances, while invalid domestic-transaction adjustments ca...
Prospective sugar export prohibition required registered letters of credit; private contracts and export quotas created no enforceable continuation ri...
Seeking directions against the respondent no. 1/National Housing Bank (NHB) to consider and decide upon the petitioner’s representation - The High Court noted that the petitioner's representation primarily aimed at collecting information to use in litigation before the National Company Law Appellate Tribunal (NCLAT), rather than seeking redressal of any immediate legal or constitutional rights. The Court emphasized that writ jurisdiction cannot be employed as a means to gather evidence against a party involved in pending disputes. It cited legal precedents to highlight that courts are not forums for roving inquiries or fact-finding missions. Concluding that the petitioner's petition was a misuse and abuse of the court's process, the Court dismissed the petition along with the pending application.
Seeking directions against the respondent no. 1/National Housing Bank (NHB) to consider and decide upon the petitioner’s representation - The High Court noted that the petitioner's representation primarily aimed at collecting information to use in litigation before the National Company Law Appellate Tribunal (NCLAT), rather than seeking redressal of any immediate legal or constitutional rights. The Court emphasized that writ jurisdiction cannot be employed as a means to gather evidence against a party involved in pending disputes. It cited legal precedents to highlight that courts are not forums for roving inquiries or fact-finding missions. Concluding that the petitioner's petition was a misuse and abuse of the court's process, the Court dismissed the petition along with the pending application.
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