Charitable trust income application permits verified capital expenditure but rejects deferred pre-operative claims and requires reconsideration of con...
Reinsurance premium deductions require established regulatory breaches, while independently acquired software qualifies within the computer depreciati...
Rectification of mistake remains limited to self-evident record errors, preventing merits review through miscellaneous applications and preserving fin...
Tender creditworthiness conditions may extend to de facto Promoter Directors, with post-participation challenges generally barred absent arbitrariness...
Corporate representation in PMLA summons proceedings permitted through an authorised signatory, subject to directors' continuing cooperation and atten...
The HC set aside the lower court's order and allowed the petition to proceed to trial in a dishonored cheque case. Despite discrepancies in the cheque (overwriting of date and incomplete amount in words showing "Four lac sixty five" instead of "Four lac sixty five thousand" while the numerical figure showed Rs. 4,65,000/-), the court found these to be inadvertent errors rather than material defects. The court determined that the legal notice clearly specified the cheque amount, and the respondent never replied to refute liability. Technical grounds alone were insufficient to dismiss the complaint under Section 138 of the NI Act without affording parties the opportunity to prove their respective cases at trial.
The HC set aside the lower court's order and allowed the petition to proceed to trial in a dishonored cheque case. Despite discrepancies in the cheque (overwriting of date and incomplete amount in words showing "Four lac sixty five" instead of "Four lac sixty five thousand" while the numerical figure showed Rs. 4,65,000/-), the court found these to be inadvertent errors rather than material defects. The court determined that the legal notice clearly specified the cheque amount, and the respondent never replied to refute liability. Technical grounds alone were insufficient to dismiss the complaint under Section 138 of the NI Act without affording parties the opportunity to prove their respective cases at trial.
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