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...
Dishonour of cheque under the Negotiable Instruments law and vicarious liability of a company officer were central: the managing director, being signatory and in charge of day-to-day affairs, issued cheques in partial discharge of debt and those cheques were dishonoured for insufficiency of funds, and statutory notice remained uncomplied with; on that basis the trial and appellate courts' findings that the offence under the Negotiable Instruments law was made out were upheld. The sentence as modified on appeal was found not to warrant interference and the revision challenging conviction and sentence was dismissed.
Dishonour of cheque under the Negotiable Instruments law and vicarious liability of a company officer were central: the managing director, being signatory and in charge of day-to-day affairs, issued cheques in partial discharge of debt and those cheques were dishonoured for insufficiency of funds, and statutory notice remained uncomplied with; on that basis the trial and appellate courts' findings that the offence under the Negotiable Instruments law was made out were upheld. The sentence as modified on appeal was found not to warrant interference and the revision challenging conviction and sentence was dismissed.
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