An Adjudication is Final for Incidental or Connected Matters: Madras High Court
In the recent judgment1 the Honorable Justice Mr. N. Anand Venkatesh in the High Court of Madras held that an adjudication is final and conclusive not only to the matter adjudicated but also to matter
NCLT CAN ISSUE NON BAILABLE WARRANT AGAINST PERSON UNDER IBC: NCLAT
National Company Law Appellate Tribunal (“NCLAT”) in Vikram Puri vs Universal Builders1 held that the adjudicating authority has jurisdiction under Insolvency and Bankruptcy Code 2016 (“IBC”) to issue non-bailable warrant against persons. The decision was
Section 138 of NI Act: Prima facie materials to show the authority of the representative sufficient for magistrate to take cognizance
Supreme Court in TRL Krosaki Refractories vs SMS Asia Pvt Ltd1 held that in a cheque bounce case when a complainant/ payee is a company then an authorized representative can represent the company. A bench headed
Breach of Main Contract no ground for stopping payment under Bank Guarantee
Recently, the Delhi High Court, in Satish Kansal vs Synergy Tradeco NV and others, reiterated that letter of credits (LC)/bank guarantees are independent of the main contract and a dispute under the main contract cannot
RERA CAN ENTERTAIN COMPLAINTS FILED BY HOME BUYERS AGAINST BANKS
The Apex Court of the country reiterated in Union Bank of India vs Rajasthan Real Estate Regulatory Authority & Ors.1 that in case of conflict between the Real Estate (Regulation and Development) Act (“RERA Act”)
Letter of Intent not a binding contract unless such an intention is evident from its terms
The Supreme Court in South Eastern Coalfields Ltd & Others vs. M/s S Kumar’s Associations AKM (JV)[1] ruled that a Letter of Intent (“LoI”) is not a binding contract unless such an intention is evident
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