Court : Delhi
..... appellate authority constituted under section 22a of the chartered accountants act, 1949 (ca wp(c) 8341/2017 page 1 of 29 act, for short) must consist of five (5) members.... ..... apart from noticing the distinction between section 7 read with section 8 and sections 5 and 6 of wp(c) 8341/2017 page 23 of 29 the industrial disputes act, 1947, the majority opinion held that the third member, on becoming a member of the indo-pakistan boundary disputes tribunal, had ceased to be a member ..... however, one of the members could not participate in the meetings and deliberations of the industrial tribunal between 23.11.1949 and 20.02.1950 as his services had been placed at the disposal of ministry of external affairs as a member of the ..... government has to nominate two members from persons having knowledge and practical experience in the field of law, economics, business, finance ..... of the council for at least one full term and who is not a sitting member of the council; (c) two members to be nominated by the central government from amongst persons having knowledge and practical experience in the field of law, economics, business, finance or accountancy. ..... appointed in equal numbers to represent the parties to the dispute and any person appointed to represent a party shall be appointed on the recommendation of that party: (4) a board, having the prescribed quorum, may act notwithstanding the absence of the chairman or any of its members or any vacancy in ifs number. ..... even possible or practicable to do .....
Tag this Judgment!Court : Delhi
..... union of india and others, (1981) 4 scc675 the supreme court had observed:-""the court must always remember that legislation is directed to practical problems, that the economic mechanism is highly sensitive and complex, that many problems are singular and contingent, that laws are not abstract propositions and do not relate to abstract units and are not to be ..... - for the purposes of this section, "specified entity" shall mean- (i) the reserve bank of india; (ii) any banking company or co-operative bank, to which the banking regulation act, 1949 applies (including any bank or banking institution referred to in section 51 of that act); (iii) any head post office or sub-post office; and w.p. ..... madam, you would appreciate that each passing day, the window to deposit the amount is going to close soon and given the practical difficulty, the applicant is in no position to deposit this huge amount of rs.1,19,98,954/- after deposit of rs.85.5 lakhs in december, 2016. ..... in the event, this proposal is not acceptable then the applicant would have to deposit 49.9% of the declared amount which is not only huge, double taxation but is also practically impossible to comply at this fag end of the closer of this scheme. ..... this practice is of the greatest benefit to taxpayers and it would not be in the public interest to discontinue it if the revenue have made it known that in particular categories of transaction advance clearance can only be given effectively at a particular level and clearance is .....
Tag this Judgment!Court : Delhi
..... dt.26.07.2012 bank guarantee to: hewlett packard financial services (india) pvt ltd 24, salarpuria arena, hosur main road, adugodi, bangalorc- 560030 whereas you have agreed to lease to m/s vayam technologies limited, a company incorporated under companies act, 1956, having its registered office at thapar house, 124, jan path, new delhi-110001 ("the customer''), equipment for the term and at the rent and upon and subject to the terms and conditions ..... ) 300/2017 page 8 of 13 your requirement for security on the value of the lease, we, axis bank limited, incorporated under the companies act 1956 and carrying on the business of banking under' the banking regulation act 1949, having its registered office at 3rd floor, trishul, opp. ..... this petition is filed under section 9 of the arbitration and conciliation act, 1996 (hereinafter referred to as the act) seeking a direction prohibiting the respondent from invoking the bank guarantees as detailed in annexure p-2 to the present petition. ..... our obligations hereunder shall not be affected by any act, omission, matter or thing which but for this provision might o.m.p. .....
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..... , the blockage of coronaries, due to pre-existing coronary artillery disease which pw-12 termed as being the "natural cause of death , to the external injuries which were caused by the accused. ..... thereafter, i was released by the police in this case but due to inhuman act of the police i was admitted in lnjp hospital on 20.06.2012 copy of which mlc in mark x. ..... a-4 had in fact already been arrested earlier in fir no.167/2012 registered at ps model town under sections 25, 27 and 29 of the arms act. .....
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..... , the blockage of coronaries, due to pre-existing coronary artillery disease which pw-12 termed as being the "natural cause of death , to the external injuries which were caused by the accused. ..... thereafter, i was released by the police in this case but due to inhuman act of the police i was admitted in lnjp hospital on 20.06.2012 copy of which mlc in mark x. ..... a-4 had in fact already been arrested earlier in fir no.167/2012 registered at ps model town under sections 25, 27 and 29 of the arms act. .....
Tag this Judgment!Court : Delhi
..... , the blockage of coronaries, due to pre-existing coronary artillery disease which pw-12 termed as being the "natural cause of death , to the external injuries which were caused by the accused. ..... thereafter, i was released by the police in this case but due to inhuman act of the police i was admitted in lnjp hospital on 20.06.2012 copy of which mlc in mark x. ..... a-4 had in fact already been arrested earlier in fir no.167/2012 registered at ps model town under sections 25, 27 and 29 of the arms act. .....
Tag this Judgment!Court : Delhi
..... , the blockage of coronaries, due to pre-existing coronary artillery disease which pw-12 termed as being the "natural cause of death , to the external injuries which were caused by the accused. ..... thereafter, i was released by the police in this case but due to inhuman act of the police i was admitted in lnjp hospital on 20.06.2012 copy of which mlc in mark x. ..... a-4 had in fact already been arrested earlier in fir no.167/2012 registered at ps model town under sections 25, 27 and 29 of the arms act. .....
Tag this Judgment!Court : Delhi
..... , the blockage of coronaries, due to pre-existing coronary artillery disease which pw-12 termed as being the "natural cause of death , to the external injuries which were caused by the accused. ..... thereafter, i was released by the police in this case but due to inhuman act of the police i was admitted in lnjp hospital on 20.06.2012 copy of which mlc in mark x. ..... a-4 had in fact already been arrested earlier in fir no.167/2012 registered at ps model town under sections 25, 27 and 29 of the arms act. .....
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..... further, there is no prohibition in the br act, 1949 in the bank transferring its assets inter se ..... it is settled law that in the absence of any document signed by the parties as contemplated under section 7 (4) of the arbitration and conciliation act and in the absence of any arbitration agreement as contemplated in clause(a), (b) or (c) of sub section (4) of section 7, the dispute cannot be referred to the arbitrator by the claimant in respect of subject matter ..... justice navin chawla1 this petition under section 34 of the arbitration and conciliation act, 1996 (hereinafter referred to as the act ) has been filed by the petitioner challenging the arbitral award dated 07.04.2017 passed by the sole arbitrator in case no.arb/dks/34/2016 titled ..... to deal with such situations illustratively, reference can be made to the following examples in law and practice of commercial arbitration in england (2nd edn. ..... such arbitration shall be conducted in accordance with the provisions of the indian arbitration and conciliation act, 1996 or any amendment or reenactment thereof by a single arbitrator to be appointed by the ..... broadband limited (2010) 1 scc562 a single judge of the supreme court, while exercising his powers under section 11 of the act held as under:-"those mentioned 31. ..... had not considered the other submissions, including merits of the claim, it will be open to the petitioner to invoke fresh arbitration for adjudication of its claims and for that purpose rely upon section 43(4) of the act. .....
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..... as per the terms of the rfs, the indusind bank limited, a banking company incorporated and registered under companies act, 1956 and having license to carry on banking business under the banking regulation act, 1949 having its registered office at 2401, general thimmayya road, cantonment, pune 411001 and its corporate office at 8th floor, tower-1, one india bulls centre, 841, s.b.marg, elphistone road, ..... appellant has assailed an order dated 22.12.2017 passed by the learned single judge of this court by which a petition filed under section 9 of the arbitration and conciliation act, 1996 seeking stay of invocation of bank guarantees no.ogt0005160001863 and ogt0005160001871 both dated 29.01.2016 for a total sum of rs.1,20,00,000/- till the final adjudication of the ..... the courts would be slow in granting stay for invocation of an unconditional bank guarantee, except in cases where, a fraud of egregious nature is alleged, but in the petition under section 9 of the arbitration and conciliation act or in the present appeal, the appellant/petitioner has not pleaded any fraud much less a fraud of egregious nature.6. ..... for respondent no.1, who enters appearance on an advance copy, submits that the petition under section 9 of the arbitration and conciliation act was premature and resultantly, so is the appeal as till date the bank guarantees have not been invoked. ..... such events may include but are not restricted to acts of god, wars or revolutions, fires, floods, epidemics, quarantine .....
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