Pre-existing operational debt disputes require genuine evidence, while undirected running-account payments may be appropriated on a first-in-first-out...
Agency in CNG distribution makes outlet operators commission agents, rendering taxable Business Auxiliary Service rather than purchasing goods for res...
Composite inpatient healthcare supply may retain exemption despite MRP medicine billing, while separate taxable sale characterisation remains disputed...
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
Transfer of 7000 equity shares - prohibitory order u/s 45MB (2) of RBI Act - Admitted possession of 4000 shares certificates and transfer deeds by Anoop Jain - Issue of consideration for 4000 shares - Anoop Jain relied on Delhi stock exchange register for payment of consideration - Appellants objected discrepancy in timeline of sale by appellant No. 1 and purchase by respondents, lack of proof of consideration payment - Matter remanded to Company Court to inquire when 4000 shares sold to Anoop Jain, 1500, 900 and 600 shares sold to Murari Saraf, Banwari Lal Saraf and Bihari Lal Saraf respectively by appellant No. 1, and whether consideration paid - If established appellant No. 1 divested rights before 09.04.1997 and respondents paid consideration, impugned order to follow - Appeal disposed by way of remand.
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