This weekend Elp law look forward at the judgment of the Supreme Court in M/s Mayavti Trading Private Limited v. Pradyaut Deb Burman. Read this article to know more about this.
ELP law analyzes the Ministry of Defence (MoD) has introduced some guidelines that would enable the private sector to better utilize the Indian Government’s testing facilities.
As per the data available on the website of National Judicial Data Grid as on June 23, 2020, total number of cases pending in India are 3,29,08,887 out of which pending criminal cases are 2,37,67,564 (around 72%) and pending civil cases are 91,41,323 (around 27%). As is clearly reflected from the numbers, pending criminal cases are far higher in numbers than the civil cases.
The decision in Shapoorji Pallonji was welcomed by many for conclusively clarifying that the changes introduced to Section 29A by the 2019 Amendment Act would have a retrospective effect. However, with its subsequent contradicting decision in MBL Infrastructures, the Court had unknowingly revived the said debate. By upholding the findings of Shapoorji Pallonji over MBL Infrastructures, we believe that the Court has rightly interpreted the test of retrospectivity as elaborated by BCCI.
That being said, it must be remembered that except BCCI, there have been no material observations from the Supreme Court on this subject and thus it remains to be seen how the issue shall be dealt by it.
SEBI has issued following clarification/ relaxation under SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015 (LODR Regulations)
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While we are seeing exciting times and growth in the real estate sector, we discuss a recent update that affects the real estate projects in the State of Mah...
Historically, whenever legislation has sought to limit the deduction for the subject matter (goods or services) on which tax is not to be levied, the Courts ...
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Aanchal Mundada, Principal Associate — Email — aanchalmundada@elp-in.com
Authors – Ravisekhar Nair, Partner; Aayushi Sharma, Senior Associate; Pavan Kalyan, Advocate – Economic Laws Practice (ELP)