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...
Clause 19.13 prima facie satisfies formal requirements of an arbitration agreement and, under the doctrine of separability, continues to subsist despite termination of the underlying contract and approval of the resolution plan; the court's limited prima facie enquiry is confined to formal existence of the clause and arbitrability of disputes, leaving contested legal and factual consequences of the approved resolution plan (including extinguishment of claims) to the arbitral tribunal under competence competence; accordingly live, arbitrable disputes are found and a sole arbitrator is appointed to determine all substantive issues and defences.
Clause 19.13 prima facie satisfies formal requirements of an arbitration agreement and, under the doctrine of separability, continues to subsist despite termination of the underlying contract and approval of the resolution plan; the court's limited prima facie enquiry is confined to formal existence of the clause and arbitrability of disputes, leaving contested legal and factual consequences of the approved resolution plan (including extinguishment of claims) to the arbitral tribunal under competence competence; accordingly live, arbitrable disputes are found and a sole arbitrator is appointed to determine all substantive issues and defences.
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