https://www.taxtmi.com/caselaws?id=390191 The Supreme Court clarified that a stay order does not nullify a High Court judgment's precedent value unless the Apex Court introduces conflicting legal propositions. The judgment emphasized that the underlying reasoning of a judgment remains intact despite an order keeping it in abeyance. The court granted ad-interim relief by staying further proceedings and prohibited coercive recovery actions against the petitioner. The decision provides a detailed analysis of the principles governing stay orders and the interplay between Supreme Court and High Court judgments, ensuring the protection of the petitioner's rights. en-us Wed, 04 Dec 2019 00:00:00 +0530 Wed, 25 Dec 2019 12:46:15 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=390191 The Supreme Court clarified that a stay order does not nullify a High Court judgment's precedent value unless the Apex Court introduces conflicting legal propositions. The judgment emphasized that the underlying reasoning of a judgment remains intact despite an order keeping it in abeyance. The court granted ad-interim relief by staying further proceedings and prohibited coercive recovery actions against the petitioner. The decision provides a detailed analysis of the principles governing stay orders and the interplay between Supreme Court and High Court judgments, ensuring the protection of the petitioner's rights. Case-Laws Customs Wed, 04 Dec 2019 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=390191