The Supreme Court of India (“SC”) by its judgement in the matter of Quippo Construction Equipment Limited v. Janardan Nirman Private Limited (decided on April 29, 2020) set aside the judgement dated February 14, 2019 passed by the Calcutta High Court (“CHC”). The SC held that a party was deemed to have waived its right […]
The High Court of Delhi (“DHC”) has, by its judgement dated May 21, 2020 (“Judgement”), held thatthe doctrine of frustration under Section 56 of the Indian Contract Act, 1872 (“ICA”) is inapplicable to lease agreements as it can be applied to only “executory contracts” and not “executed contracts”. Facts Brief facts of the case are […]
The National Company Law Appellate Tribunal (“NCLAT”) has, in the case of V. Padmakumar v. Stressed Assets Stabilisation Fund and Others (dated March 12, 2020) held that an entry in balance sheet/ annual return , cannot be treated to be an acknowledgement under Section 18 of the Limitation Act, 1963 (“Limitation Act”). Facts This question […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the recent notification issued by the Central Board of Indirect Taxes and Customs (the ‘Board’) wherein the Board has allowed for verification of monthly returns through electronic verification code. To read the GST Cafe, click at […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the highlights of the 40th GST Council (the ‘Council’) meeting held on 12.06.2020, whereby the Council discussed and recommended trade facilitation measures. To read the GST Cafe, click at the Download Newsletter. We trust that you […]
We are pleased to share with you the copy of our latest publication of GST Café, a briefing on the recent circular issued by the Central Board of Indirect Tax and Customs (the ‘Board’) whereby the Board has issued clarification on issues related to refund under the Central Goods and Services Tax Act, 2017. To […]
