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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Unified Brand India framework introduces voluntary Trust Mark certification and funding support for export branding, packaging and global promotional ...
Origin Declaration authentication governs preferential tariff claims under India-UK CETA, requiring a validated reference number before import clearan...
Separate assessment orders for different years remain valid when distinct notices and hearing opportunities prevent prejudice from combined proceeding...
SC affirmed the arbitral award, holding that the Development Agreement remained binding after the Supplementary Agreement failed to meet its conditions precedent. The court found L&T committed fundamental breaches by abandoning the project, failing to pay External Development Charges, and not fulfilling contractual obligations. The termination by PCL was justified. The court emphasized its limited powers under Sections 34 and 37 of the Arbitration Act, confirming it cannot modify arbitral awards but only set aside or remand under specific circumstances. The appeal was dismissed, upholding the original arbitral tribunal's findings of coercion and breach of contract by L&T.
SC affirmed the arbitral award, holding that the Development Agreement remained binding after the Supplementary Agreement failed to meet its conditions precedent. The court found L&T committed fundamental breaches by abandoning the project, failing to pay External Development Charges, and not fulfilling contractual obligations. The termination by PCL was justified. The court emphasized its limited powers under Sections 34 and 37 of the Arbitration Act, confirming it cannot modify arbitral awards but only set aside or remand under specific circumstances. The appeal was dismissed, upholding the original arbitral tribunal's findings of coercion and breach of contract by L&T.
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