https://www.taxtmi.com/caselaws?id=310748 The HC struck down Clause 25(viii) of the NIT requiring 10% deposit-at-call, declaring it unconstitutional. Following SC precedent in M/s Icomm Tele Ltd., which struck down an identical clause, the HC held it was bound by the SC decision and could not take a different view. The court allowed the petition, declared the arbitration clause unconstitutional, and passed similar orders as the SC. Other issues raised by petitioner were left open for appropriate proceedings. Petition disposed of. en-us Mon, 27 Mar 2023 00:00:00 +0530 Sat, 11 Nov 2023 08:26:29 +0530 TaxTMI RSS Generator https://www.taxtmi.com/caselaws?id=310748 The HC struck down Clause 25(viii) of the NIT requiring 10% deposit-at-call, declaring it unconstitutional. Following SC precedent in M/s Icomm Tele Ltd., which struck down an identical clause, the HC held it was bound by the SC decision and could not take a different view. The court allowed the petition, declared the arbitration clause unconstitutional, and passed similar orders as the SC. Other issues raised by petitioner were left open for appropriate proceedings. Petition disposed of. Case-Laws Indian Laws Mon, 27 Mar 2023 00:00:00 +0530 https://www.taxtmi.com/caselaws?id=310748