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...
Helicopter charter classification requires effective control analysis, while territorial performance, reasoned credit orders and wilful suppression de...
Specified fund definition expands PAN exemption eligibility for registered alternative investment funds and qualifying International Financial Service...
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HC rejected the applicant's claim for compound interest under s.244A(1)(b) r.w.s.132B(4)(b), which explicitly provides only for simple interest. The Court clarified that its prior order did not mandate cumulative or compound interest calculation. No statutory provision was identified supporting the interpretation of "cumulative interest" as compound interest. Consequently, the opposite parties cannot be held liable for willful disobedience, as no definitive legal framework exists for computing cumulative interest beyond simple interest prescribed by the statutory provision.
HC rejected the applicant's claim for compound interest under s.244A(1)(b) r.w.s.132B(4)(b), which explicitly provides only for simple interest. The Court clarified that its prior order did not mandate cumulative or compound interest calculation. No statutory provision was identified supporting the interpretation of "cumulative interest" as compound interest. Consequently, the opposite parties cannot be held liable for willful disobedience, as no definitive legal framework exists for computing cumulative interest beyond simple interest prescribed by the statutory provision.
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