https://www.taxtmi.com/caselaws?id=187229 The Supreme Court held that the respondents lost their lien in TANMAG upon transfer to the Joint Venture Company (JVC) and that the principle of promissory estoppel did not apply. The High Court's direction for reabsorption was deemed erroneous as it did not violate any legal or fundamental rights. The Court emphasized caution in issuing writs under Article 226/227 of the Constitution of India. The Division Bench's judgment was set aside, and the appeals were allowed with no costs awarded. en-us Tue, 23 Mar 2010 00:00:00 +0530 Fri, 14 Oct 2016 13:14:34 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=187229 The Supreme Court held that the respondents lost their lien in TANMAG upon transfer to the Joint Venture Company (JVC) and that the principle of promissory estoppel did not apply. The High Court's direction for reabsorption was deemed erroneous as it did not violate any legal or fundamental rights. The Court emphasized caution in issuing writs under Article 226/227 of the Constitution of India. The Division Bench's judgment was set aside, and the appeals were allowed with no costs awarded. Case-Laws Indian Laws Tue, 23 Mar 2010 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=187229