Attachment and proclamation of sale of immovable property: limitation treated from financial year end; proclamation held within period, petition dismi...
Second Schedule attachment and validity of a post-notice mortgage: TRO cannot declare mortgage void ab initio; sale and appropriation allowed thereaft...
Limitation for final assessment under sections 144C and 153 treated jointly, resulting in quashing of timebarred assessment order and liberty to reviv...
Deductibility of settlement payments for securities law penalties and treatment of unexplained cash credits in share trading -- Tribunal upholds posit...
Threshold for allottee-initiated insolvency petitions in leasehold real estate upheld; petition admitted after possession letters deemed legally ineff...
Contravention of foreign exchange rules in crossborder diamond payments; appellate tribunal reduces one appellant's penalty for delay and proportional...
In a Section 11 application, the referral court's enquiry is confined to a prima facie determination of the existence of an arbitration agreement, consistent with the legislative policy of minimal judicial intervention at the pre-arbitral stage; contentious questions on authority, capacity, arbitrability, maintainability, or merits must be left to the arbitral tribunal. Whether a consortium member can invoke arbitration in its individual capacity depends on the principal contract and the consortium agreement, requiring detailed examination better suited for the tribunal. Since an arbitration agreement prima facie existed, constitution of the arbitral tribunal was upheld and the appeal was dismissed, leaving all objections open to be decided by the tribunal. - SC
In a Section 11 application, the referral court's enquiry is confined to a prima facie determination of the existence of an arbitration agreement, consistent with the legislative policy of minimal judicial intervention at the pre-arbitral stage; contentious questions on authority, capacity, arbitrability, maintainability, or merits must be left to the arbitral tribunal. Whether a consortium member can invoke arbitration in its individual capacity depends on the principal contract and the consortium agreement, requiring detailed examination better suited for the tribunal. Since an arbitration agreement prima facie existed, constitution of the arbitral tribunal was upheld and the appeal was dismissed, leaving all objections open to be decided by the tribunal. - SC
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