Bona fide disclosure requirements govern under-reporting penalties, and post-penalty immunity applications cannot secure available statutory protectio...
Certificate-of-origin verification procedure governs preferential customs benefits; denial without retroactive verification was set aside with consequ...
Disciplinary Committee jurisdiction and mandatory investigation requirements invalidated cancellation of an insolvency professional's registration and...
Retention of seized property survives where recorded reasons support proceeds of crime, while stayed investigation periods are excluded from limitatio...
Specified income of Baddi Barotiwala Nalagarh Development Authority receives conditional tax exemption, retrospectively covering its designated assess...
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The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
The SC upheld that the Public Procurement Policy for MSEs Order 2012 has legal force through Section 11 of the MSMED Act 2006. While individual MSEs have no mandatory procurement right, government bodies have a statutory obligation to implement the 25% procurement mandate from MSEs. The Court directed the Review Committee to examine whether this 25% procurement would be independent of the 358 reserved items and take necessary compliance actions within 60 days. Additionally, the Court ruled that minimum turnover clauses in tenders cannot override the Procurement Policy and directed the Grievance Cell to establish appropriate limits for such clauses for MSEs within 60 days. Judicial review will primarily ensure proper functioning of statutory authorities.
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