Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts Act, 2015
PART I – ESTABLISHMENT OF COURTS AND DIVISIONS FOR COMMERCIAL DISPUTES Introduction The Commercial Courts, Commercial Division & Commercial Appellate Division of High Courts Act, 2015 (“Act”) was enacted on 1 January 2016 with effect
HDFC Bank Limited v. State of Tamil Nadu and T. Karuppiah
By Jay N. Shah & Abdullah Qureshi Introduction: In the case of HDFC Bank Limited vs. State of Tamil Nadu and Anr.[1], the Madras High Court (“Court”) has held that banks and financial institutions cannot
Pegasus Assets Reconstruction P. Ltd. v. M/s. Haryana Concast Limited & Anr. – SARFAESI Act a complete code, harmonious with Companies Act, 1956
By Varsha G Subramanian Introduction A secured creditor has a right to enforce its security interest under the Securitization and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002 (“SARFAESI Act”). In the case
Amendments to Wakf Properties Lease Rules, 2014
By Priyanka Shingare and Varsha G. Subramanian Introduction The Wakf Properties Lease Rules, 2014 (“Rules) have been recently amended vide notification dated 26 August 2015 (“Amendment Rules”). The Concept of Waqf The concept of Waqf
Sodexo SVC India Pvt. Ltd. v. State of Maharashtra & Ors. – Taxation of meal vouchers
By Sri Vidya and J. Mandakini Introduction The Pune Municipal Corporation levied a 2% Octroi on meal vouchers printed by Sodexo SVC India Private Limited (“Sodexo”), treating them as “goods”. The meal vouchers are issued
SC verdict : VAT on mobile charger higher than mobile handset
By Ashish Kumar Gill The Supreme Court, in State of Punjab & Ors Vs. Nokia India Pvt. Ltd.[1] has held that “a mobile phone battery charger is an accessory to a phone and not a part of
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