https://www.taxtmi.com/caselaws?id=305831 The SC allowed the appeal of appellant-defendant No. 2, overturning the HC and Trial Court decisions, and granted leave to defend. It found that the appellant raised genuine triable issues regarding its liability, distinguishing its position from defendant No. 1. The Rs. 40,00,000/- deposit was treated as a condition for leave to defend, and the Trial Court was instructed to proceed with the trial against appellant-defendant No. 2. No order was made regarding the costs of the appeal. en-us Tue, 18 Jan 2022 00:00:00 +0530 Tue, 05 Nov 2024 17:03:00 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=305831 The SC allowed the appeal of appellant-defendant No. 2, overturning the HC and Trial Court decisions, and granted leave to defend. It found that the appellant raised genuine triable issues regarding its liability, distinguishing its position from defendant No. 1. The Rs. 40,00,000/- deposit was treated as a condition for leave to defend, and the Trial Court was instructed to proceed with the trial against appellant-defendant No. 2. No order was made regarding the costs of the appeal. Case-Laws Indian Laws Tue, 18 Jan 2022 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=305831