Merchant banker regulation consolidates registration, governance, capital, reporting, outsourcing and investor-protection requirements under an update...
Authentication of paper assessment orders upheld, while qualifying repairs, consumables and vendor advance write-offs remain deductible business claim...
The HC dismissed a petition as withdrawn upon petitioner's request, with liberty as prayed for. The petition had sought release of a sanctioned loan and alleged illegal seizure without providing an opportunity to be heard, claiming violation of principles of natural justice. Respondent No.2 contended the petition constituted misuse of legal process and argued that the prayer for directions to the GST-Department lacked merit. Though the respondent advocated for dismissal on substantive grounds, they did not object when petitioner's counsel made an uncontested request to withdraw rather than pursue the matter on its merits.
The HC dismissed a petition as withdrawn upon petitioner's request, with liberty as prayed for. The petition had sought release of a sanctioned loan and alleged illegal seizure without providing an opportunity to be heard, claiming violation of principles of natural justice. Respondent No.2 contended the petition constituted misuse of legal process and argued that the prayer for directions to the GST-Department lacked merit. Though the respondent advocated for dismissal on substantive grounds, they did not object when petitioner's counsel made an uncontested request to withdraw rather than pursue the matter on its merits.
Note: It is a system-generated summary and is for quick reference only.