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...
Retroactive interim-moratorium exclusion permits protective asset disclosure and preservation measures against personal guarantors pending arbitration...
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SC held that the plaint must be rejected under Order VII Rule 11(a) and (d) CPC due to absence of cause of action. An agreement to sell does not confer substantive rights against third-party possessors, and the proposed purchaser cannot institute a suit against parties in possession. The court emphasized that without a registered sale deed, the purchaser lacks legal standing to challenge ownership or possession. The appeal was allowed, setting aside lower court orders, with implications for preventing speculative litigation and protecting institutional interests from resource-draining legal proceedings.
SC held that the plaint must be rejected under Order VII Rule 11(a) and (d) CPC due to absence of cause of action. An agreement to sell does not confer substantive rights against third-party possessors, and the proposed purchaser cannot institute a suit against parties in possession. The court emphasized that without a registered sale deed, the purchaser lacks legal standing to challenge ownership or possession. The appeal was allowed, setting aside lower court orders, with implications for preventing speculative litigation and protecting institutional interests from resource-draining legal proceedings.
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