Court : Punjab and Haryana
..... appeal. the grouse of the petitioner is that he was convicted by the learned judicial magistrate 1st class, jalandhar, for commission of an offence punishable under section 25 of the payment and settlement systems act, 2007, and was sentenced to undergo rigorous imprisonment for two years and to pay a fine of rs. 10,000/-, in default thereof, to further undergo rigorous imprisonment .....
Tag this Judgment!Court : Punjab and Haryana
..... credit information companies (regulation) act 93. disaster management act 94. government securities act 95. the petroleum and natural gas regulatory board act 96. payment and settlement systems act 97. warehousing (development and regulation) act 98. airports economic regulatory authority of india act 99. collection of statistics act 100. national green ..... as a victim which has essentially characterized crimes on universally- accepted principles. the acceptability of this principle was the genesis of criminal justice system with state dominance and jurisdiction to investigate and adjudicate the crime . for long, the criminal law had been viewed on a dimensional ..... -790-ma-2010 final -6- legislative history and emerging principles of criminal jurisprudence:- international scenario: (7).the universalist views on criminal justice system emphasize on the norms collectively recognized and accepted by all of humanity. the internationally accepted norms whereunder an individual s criminal act(s) is .....
Tag this Judgment!Court : Punjab and Haryana
..... was practiced by the management on the poor workers.their main objection, however, against the settlement dated 26.8.2008 is against sub-clause (a) and (b) of clause 5 and clause 8 of the settlement which read as under: a) payment of vrs compensation equal to 15 days salary for every completed year. salary includes basic, ..... workers union on separate papers and those workers had not even seen the settlement deed u/s 12(3) and neither they were able to understand that settlement. company also immediately paid the dues and got their signatures on full and final payment before the poor worker could ascertain the truth. in this way company committed ..... of the act makes it abundantly clear that through the intervention of the appropriate government, of cours.not directly, a very extensive machinery has been provided for settlement and adjudication of industrial disputes. in case the proposition propounded by the learned counsel for the petitioner is accepted, then the object of the government in .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : AIR2008P& H59; (2008)149PLR143
..... . the petitioner-company further paid an amount of rs. 21.45 lacs with a view to finally liquidate its liability under the one time settlement policy till the expiry of the extended period for payment of ots i.e. till 31.3.2003.4. on 29.1.2003, the reserve bank of india-respondent no. 3 further revised ..... -8). the aforementioned guidelines were issued by respondent no. 3 keeping in view numerous complaints of arbitrariness and discrimination in implementation of its guidelines issued for one time settlement of the npa accounts. the case of the petitioner-company is that despite binding nature of the guidelines, when the respondent bank did not settle the account of ..... impugned directions of 1987. the reserve bank plays an important role in the economy and financial affairs of india and one of its important functions is to regulate banking system in the country.32. courts are not to interfere with economic policy, which is the function of experts. it is not the function of the courts to sit .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : AIR1966P& H111
..... these provisions are different. section 21 (4) relates to the final stage of repartition proceedings, whereas section 36 deals with the variation/revoking of the scheme by the settlement officer. the settlement officer could vary or revoke the scheme even though the proceedings under section 21 were pending. further, it is not correct to say that in jiwan singh's ..... the trustee, acting upon the valuation put upon the security by the creditor, has exercised the right given to him by the 12th rule, to redeem the security 'on payment to the creditor of the assessed value'. it is impossible to suppose that, after the trustee has paid the amount of the valuation, and has thus on behalf of ..... bankruptcy act, 1883. rule 12 (a) provides that where a security is valued by a creditor in his proof, the trustee may at any time redeem it on payment to the creditor of the assessed value. and rule 13 provides that a creditor who has valued his security may 'at any time' amend the valuation and proof on .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : [2003]117CompCas660(P& H)
..... , is merely a procedural legislation for enforcement of contractual obligations. it is pointed out that the arbitration act, 1996, lays down an alternative procedure for settlement of disputes, arising out of contractual obligations (under the indian contract act 1872), at the option of the contracting parties. it is submitted that the ..... due consideration to the said model law which, along with the rules, was stated to have harmonised concepts on arbitration and conciliation of different legal systems of the world and thus contained provisions which were designed for universal application. the abovesaid statement of objects and reasons in para 3 states that ..... instituted by any party to an arbitration agreement against any other party to such agreement, in derogation of the arbitration clause and attempts for settlement of disputes otherwise than in accordance with the arbitration clause by substantiating the existence of an arbitration clause and by the judicial authority concerned .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : AIR1970P& H431
..... view of the judgments of this court in dhian singh v. dy. secy, to govt. punjab rehabilitation deptt. 61 pun lr 529 = (air 1960 punj 41). sampuran singh v. chief settlement commr., delhi. 61 pun lr 926 --(air 1960 punj 153), and deep chand t. additional director, consoudation of holdings. punjab. 66 pun lr 318 = (air 1964 punj 249). in ..... 3) of rule 6. my learned brother, narula j., did not say in that case that the order was a nullity. the second case in sahib singh v. dy. chief settlement commr., 1967 cur lj (punj & har) 760, and in that case my learned brother, narula j., did hold that an order made without notice to the petitioner in that ..... b', proceeded to accept the application of the appellant under section 18 of the act for purchase of the land, directing payment of the first instalment of the price within fifteen days of the date of the order and payment of the remaining instalments after every six months. respondent 1 was in appeal from the order of the assistant collector first .....
Tag this Judgment!Court : Punjab and Haryana
Reported in : (2005)IILLJ195P& H
..... unless the workers were treated as workmen within the meaning of section 2(s) of the act. a careful reading of the settlement shows that the corporation had amicably resolved the dispute relating to payment of rates of wages and production targets. the workmen had agreed to call off the strike w.e.f. august 18, ..... and expert in labour law matters, at chandigarh, wherein opinion given by surinder kaushal and settlement dated august 17, 1989 were also discussed. he has opined that these weavers were engaged on contract basis as per work requirement under piece rate system and not against any sanctioned post. as such, there is no employee-employer relationship ..... and also no violation of the settlement dated august 17, 1989 because this settlement in no way changes their nature of engagement and it was never agreed .....
Tag this Judgment!Court : Punjab and Haryana
..... the courts in chandigarh shall have exclusive jurisdiction with respect to the same. the creditor has accepted to receive the said time bound payment in full and final settlement of its claim against the obligors. the parties, through their authorised representatives and personally (wherever applicable), have arrived at these capp no ..... on february 26, 2010 and ending on june 30, 2013. further, the managing director, shri tarsem kansal reaffirmed his obligations as a guarantor for payment of settlement amount, and crown packages pvt. ltd. jointly and severally, unconditionally and irrevocably guaranteed the obligations of the debtor company. (12) even thereafter, the obligors ..... represented by the debtor company and guarantors to the creditor that the original lending having been duly approved by the rbi, re-payment of the same under this settlement would also be approved without any impediments. besides, they are taking all required steps promptly and diligently to obtain the requisite approvals .....
Tag this Judgment!Court : Punjab and Haryana
..... the courts in chandigarh shall have exclusive jurisdiction with respect to the same. the creditor has accepted to receive the said time bound payment in full and final settlement of its claim against the obligors. the parties, through their authorised representatives and personally (wherever applicable), have arrived at these capp no ..... on february 26, 2010 and ending on june 30, 2013. further, the managing director, shri tarsem kansal reaffirmed his obligations as a guarantor for payment of settlement amount, and crown packages pvt. ltd. jointly and severally, unconditionally and irrevocably guaranteed the obligations of the debtor company. (12) even thereafter, the obligors ..... represented by the debtor company and guarantors to the creditor that the original lending having been duly approved by the rbi, re-payment of the same under this settlement would also be approved without any impediments. besides, they are taking all required steps promptly and diligently to obtain the requisite approvals .....
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