Undisclosed foreign asset classification requires an unexplained source; unrebutted affidavits and corroborative evidence defeated the Black Money Act...
Specialized Investment Fund distribution now requires dedicated certification, while transitional recognition preserves existing qualified distributor...
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HC, exercising its inherent jurisdiction sparingly to prevent miscarriage of justice, entertained a criminal revision under s.138 NI Act notwithstanding prior dismissal of appeal and affirmed conviction. The Court held that inherent power is available only where no adequate statutory remedy exists or where special circumstances justify intervention, and may be invoked to give effect to the substantive justice embodied in a bona fide compromise. Finding a valid out-of-court Memorandum of Compromise between the parties, the HC disposed of the revision in terms of that compromise, thereby modifying the earlier outcome and concluding proceedings between the anonymized applicant and respondent pursuant to the compromise.
HC, exercising its inherent jurisdiction sparingly to prevent miscarriage of justice, entertained a criminal revision under s.138 NI Act notwithstanding prior dismissal of appeal and affirmed conviction. The Court held that inherent power is available only where no adequate statutory remedy exists or where special circumstances justify intervention, and may be invoked to give effect to the substantive justice embodied in a bona fide compromise. Finding a valid out-of-court Memorandum of Compromise between the parties, the HC disposed of the revision in terms of that compromise, thereby modifying the earlier outcome and concluding proceedings between the anonymized applicant and respondent pursuant to the compromise.
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