Tag Archives: purchase

Part sale consideration or stamp duty can’t be sole criteria to hold transaction as benami: SC

The Supreme Court of India recently reiterated that the payment of part sale consideration or stamp duty by another person cannot be the sole criteria to hold the sale transaction as benami. After a review of plethora of case law, … Continue reading

Posted in Banking Law, Company Law, Consumer Law, Contract Law, Evidence Law, Family Law, General Law, Real Estate, Registration & Stamp Law | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

‘Readiness’, ‘Willingness’ important factors for grant of specific performance: SC

In a recent decision, the Supreme Court of India reiterated that ‘readiness’ and ‘willingness’ are the most important factors for considering the grant of specific performance of the contract. “The issue of readiness and willingness, in our view, is the … Continue reading

Posted in Consumer Law, Contract Law, General Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Cabinet approves amendments to Real Estate (Regulation and Development) Bill, 2013

The Union Cabinet approved amendments to the Real Estate (Regulation and Development) Bill, 2013 pending in the Rajya Sabha, and approved amendments proposed in the Bill. The Bill provides for a uniform regulatory environment, to protect consumer interests, help speedy … Continue reading

Posted in Administrative Law, Competition Law, Contract Law, International Law, Real Estate | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

Registered owner not liable: SC

The Supreme Court of India has clarified that the registered owner of a vehicle should not be held liable for a claim if the vehicle is not in his possession and control. In this case, the Large Bench of the … Continue reading

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Cheque not an existing debt or liability for advance payments: SC

In an important ruling, the Supreme Court of India held that if a cheque is issued as an advance payment for purchase of the goods and for any reason purchase order is not carried to its logical conclusion, the cheque … Continue reading

Posted in Banking Law, Company Law, Negotiable Instruments Act | Tagged , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , , | Leave a comment

No State can impose any tax during the importation of goods into India: SC

The Supreme Court of India ruled that no tax on the sale or purchase of goods can be imposed by any State when the transaction of sale or purchase takes place in the course of import of goods into or … Continue reading

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