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Showing posts from July, 2023

Hearing for interim relief heard by court even after constitution of Arbitral Tribunal

Cause Title :  Jaya Industries  Vs.  Mother Dairy Calcutta & Anr.,  AP 85 of 2023, Calcutta High Court Date of Judgment/Order : 20.07.2023 Corum : Hon’ble Justice Moushumi Bhattacharya Citied: Arcelor Mittal Nippon Steel India Limited vs. Essar Bulk Terminal Limited; (2022) 1 SCC 712 Background After filing of the application on 10th February, 2023, a Co-ordinate Bench passed an order on 15th March, 2023 directing the respondents to show-cause as to why the respondents should not be directed to deposit a sum of Rs. 5,95,40,498.60/-. Affidavits were exchanged between the parties and recorded in the orders passed by the Court on 10th April, 2023, 1st May, 2023 and 14th June, 2023.  The petitioner has filed the present application for interim relief under section 9 of The Arbitration and Conciliation Act, 1996. Counsel appearing for the petitioner wants this Court to continue to hear the petition for interim relief while counsel appearing for the resp...
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Referral Court Has Duty To Conclusively Decide Issue Of ‘Existence & Validity Of Arbitration Agreement’

Cause Title :  Magic Eye Developers Pvt. Ltd.  Vs  M/s. Green Edge Infrastructure Pvt. Ltd. & Ors.,  SLP (C) Nos. 18339-42/2021, Supreme Court Of India Date of Judgment/Order : Corum :  M.R. Shah & C. T. Ravikumar, J. Citied:  Vidya Drolia and Ors. Vs. Durga Trading Corporation, (2021) 2 SCC 1 N.N. Global Mercantile Private Limited Vs. Indo Unique Flame Ltd. and Ors., 2023 SCC Online SC 495 NTPC Ltd. Vs. SPML Infra Ltd., 2023 SCC Online SC 389 (paragraphs 19, 25 and 28) Chloro Controls India Private Limited Vs. Severn Trent Water Purification Inc. and Ors., (2013) 1 SCC 641 Olympus Superstructures (P) Ltd. Vs. Meena Vijay Khetan, (1999) 5 SCC 651 Background The issue was that when dispute arose between litigants, the appellant herein (original respondent) had argued that the final MOU did not contain any arbitral agreement while the respondent herein  (original applicant) the final MOU is interlinked with previous agreements which had arbi...
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Enforcement Directorate has the power to seek custody of a person arrested under PMLA Act

Cause Title :  Megala vs Directorate of Enforcement Chennai, H.C.P. No. 1021 of 2023, Madras High Court Date of Judgment/Order : 14.07.2023 Corum : Honourable Mr. Justice C. V. Karthikeyan Citied:  All India Anna Dravida Munnertra Kazhagam Vs. State Election Commissioner, (2007) 2 MLJ 129 Y.Balaji Vs. Karthik Desari and Another, 2023 SCC Online SC 645 Satender Kumar Antil vs. Central Bureau of Investigation and Another [2021 SCC Online SC 3302] Madhu Limaye and Others 1969 1 SCC 292 House of Lords, R Vs May, [2005 EWCA Crime 97] Vijay Madanlal Choudhary Vs. Union of India, [2022 SCC Online 929] Directorate of Enforcement Vs. Deepak Mahajan and another, 1994 3 SCC 440 Dr. Manik Bhattacharya Vs. Ramesh Malik and Others, 2022 SCC OnLine 1465 P.Chidambaram Vs. Directorate of Enforcement, (2019) 9 SCC 24 Central Bureau of Investigation, Special Investigation Cell – I, New Delhi Vs. Anupam J. Kulkarni, 1992 3 SCC 141 Budh Singh ...
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IBC overrides the provisions of the Electricity Act, 2003

Cause Title : Paschimanchal Vidyut Vitran Nigam Ltd. vs Raman Ispat Private Limited & Ors., Civil Appeal Nos. 7976 Of 2019, Supreme Court Of India Date of Judgment/Order : 17/7/2023 Corum : S. Ravindra Bhat, & Dipankar Datta, J Citied:  Board of Trustees, Port of Mumbai v. Indian Oil Corporation, 1998 (2) SCR 774 State Tax Officer v. Rainbow Papers Ltd., 2022 (13) SCR 808 Jitender Nath Singh v. Official Liquidator & Ors., 2012 (13) SCR 339 ICICI Bank Ltd. v. Sidco Leathers Ltd., 2006 Supp (1) SCR 528 Jalgaon Janta Shakari Bank Ltd. v. Joint Commissioner of Sales Tax, Nodal 9, Mumbai & Anr., 2022 SCC OnLine Bom 1767. The West Bengal State Electricity Distribution Company Limited v. Sri Vasavi Industries Limited & Anr., 2022 SCC Online Cal 1918 Union of India & Ors. v. Shah Goverdhan L. Kabra Teachers' College, (2002) Supp (3) SCR 220. 14 UCO Bank & Anr. v. Dipak Debbarma & Ors., (2016) (11) SCR 723 Innoventive Industries Ltd. ...
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No deductions allowed from a judgment-debt/arbitral award

Cause Title :  M/s. Neo Built Corporation Vs.  Union of India,  EC 272 of 2022, Calcutta High Court Date of Judgment/Order : 10.07.2023 Corum : Moushumi Bhattacharya, J. Citied:  All India Reporter Ltd. vs. Ramchandra D. Datar; AIR 1961 SC 943 S.S. Miranda Ltd. vs. Shyam Bahadur Singh; 1984 SCC OnLine Cal 161 Voith Hydro Ltd. vs. NTPC Limited; 2021 SCC OnLine Del 1325 Background An award of Rs. 3.88 cr was decreed against the Metro Railway which was reaffirmed on appeal by the Division Bench of the High Court. However, the grievance of the award-holder is that instead of Rs. 3.88 crores which was recorded in the order dated 4th May, 2023, the award-holder received an amount of only Rs. 3.5 crores. The difference of about Rs. 38 lacs was a result of the award-debtor deducting TDS on the said amount. The  Metro Railway argued that the deduction has been done as per the rules set by the  Railway Board, Ministry of Railways. Judgment The question...
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NCLT: Joint application by Financial Creditors to meet threshold limit of Rs. 1 crore allowed

Cause Title :  Hi-tech Designs Pvt Ltd & S. K. Finserve Private Limited vs Sri Sai Car Sales Private Limited, Company Petition No. C.P. (IB)/278(KB)2022 Date of Judgment/Order : 12/07/2023 Corum : Smt. Bidisha Banerjee, Hon’ble Member (Judicial) & Shri Balraj Joshi, Hon’ble Member (Technical) Citied:  Indus Biotech Private Limited v. Kotak India Venture (Offshore) Fund, (2021) 6 SCC 436 Innoventive Industries Ltd. v. ICICI Bank, 1 SCC 407: MANU/SC/1063/2017 (Para 27, 18, 29 and 30) Vishnu Oil Mill Private Ltd. v. Union of India, 2022 (4) RLW 3184 (Raj.) Lepakshi Knowledge Hub Pvt. Ltd. v. Global Emerging Markets India Ltd. K. Paramasivam v. The Karur Vysya Bank Ltd. 2022 SCC Online SC 1163 Background Hi-tech Designs Pvt Ltd, the  financial creditor no. 1 (FC1) had provided a loan of Rs. 1 cr to the Corporate Debtor (CD) against which the CD had issued a deed of guarantee and other documents confirming their liability. An amount of Rs....
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Supreme Court verdict on liability of new owners to clear previous owner's electricity dues

Cause Title :  K C Ninan vs Kerala State Electricity Board, Civil Appeal No 2109-2110 of 2004, The Supreme Court Date of Judgment/Order : 19/5/2023 Corum : Justices Dr Dhananjaya Y Chandrachud, Hima Kohli & Pamidighantam Sri Narasimha Citied:  Maharashtra State Electricity Board v. Super & Stainless Hi Alloy Ltd, Civil Appeal Nos 5312-5313 of 2005 Isha Marbles v. Bihar State Electricity Board, 1995 SCC (2) 648 Ahmedabad Electricity Co. Ltd. v. Gujarat Inns (P) Ltd,  (2004) 3 SCC 587 Hyderabad Vanaspathi Ltd v. Andhra Pradesh State Electricity Board, (1998) 4 SCC 470 Dakshin Haryana Bijli Vitran Nigam Ltd v. M/s Paramount Polymers Pvt Ltd, AIR 2007 SC 2 Paschimanchal Vidyut Vitran Nigam Limited v. DVS Steels and Alloys Private Limited, (2009) 1 SCC 210 Telangana State Southern Power Distribution Co. Ltd. v. Srigdhaa Beverages, (2020) 6 SCC 404 Chandu Khamaru v. Nayan Malik, (2011) 12 SCC 314 Brihanmumbai Electric Supply &...
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