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    <title>1965 (3) TMI 74 - Supreme Court</title>
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    <description>Section 5 of the Calcutta Tramways Act, 1951 was construed as effecting a statutory substitution of the Government in place of the Corporation, while the proviso preserved sums payable under the agreements as if the Act had not been passed. That preservation extended to the contractual enforcement machinery, including the arbitration clause, because the statute did not clearly exclude the agreed remedy. The Court held that the statutory fiction should not separate the right to receive the sums from the contractual means of enforcement, and the reference to arbitration was therefore valid for disputes over those sums.</description>
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    <pubDate>Fri, 12 Mar 1965 00:00:00 +0530</pubDate>
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      <title>1965 (3) TMI 74 - Supreme Court</title>
      <link>https://www.taxtmi.com/caselaws?id=171563</link>
      <description>Section 5 of the Calcutta Tramways Act, 1951 was construed as effecting a statutory substitution of the Government in place of the Corporation, while the proviso preserved sums payable under the agreements as if the Act had not been passed. That preservation extended to the contractual enforcement machinery, including the arbitration clause, because the statute did not clearly exclude the agreed remedy. The Court held that the statutory fiction should not separate the right to receive the sums from the contractual means of enforcement, and the reference to arbitration was therefore valid for disputes over those sums.</description>
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      <pubDate>Fri, 12 Mar 1965 00:00:00 +0530</pubDate>
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