Corporate Law

State Of U.P. And Ors. Vs. Renusagar Power Co. And Others

The horizon of the doctrine of lifting corporate veil is expanding Case name: STATE OF U.P. AND ORS. Vs. RENUSAGAR POWER co. AND OTHERS Case number: 1988 AIR 1737 1988 SCR Supl. (1) 627 Court: SUPREME COURT OF INDIA Bench: MUKHARJI, SABYASACHI (J) RANGNATHAN, S. Decided on: 28/07/1988 Relevant Act/Sections: U.P. Electricity (Duty) Act, 1952 …

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National Small Industries Corp. Ltd V/s. Harmeet Singh Paintal & Anr.

Vicarious liability can be attributed only if the requisite statements, which are required to be averred in the complaint petition, are made so as to make the accused/Director therein vicariously liable for the offence committed by the company.  Case name: National Small Industries Corp. Ltd V/s. Harmeet Singh Paintal & Anr. Case number: Criminal appeal …

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M/S. Parle Agro (P) Ltd V/S Commissioner of Commercial Taxes, Trivandrum

Common Parlance Test must be avoided in the face of requirements of scientific definitions. Case name: M/S. Parle Agro (P) Ltd V/S Commissioner of Commercial Taxes, Trivandrum Case number: CIVIL APPEAL NOS. 6468-6469 OF 2017 Court: Supreme Court of India Bench: Hon’ble Justice A.K  Sikri Hon’ble Justice Ashok Bhushan Decided on: 09.05.2017 Relevant Act/Sections: Kerala …

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Peerless General Finance and Investment Company Ltd. V/s. Commissioner of Income Tax

Income Tax Law – Book keeping entries are not decisive or determinative of the true nature of the entries Case name: Peerless General Finance and Investment Company Ltd. V/s. Commissioner of Income Tax Case number: 2019 (6) SCJ 190, (2019) 416 ITR 1 (SC) Court: Supreme Court Of India Bench: The Hon’ble Justice Mr. R …

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Sri Gopal Jalan & Company vs Calcutta Stock Exchange Association Ltd.

When a share is forfeited and re- issued it is not allotment in the sense of appropriation of share out of the authorised and unappropriated capital so as to bring the shares into existence. [Case Brief] Sri Gopal Jalan & Company vs Calcutta Stock Exchange Association Ltd. Case name: Sri Gopal Jalan & Company V/s …

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Guru Nanak Industries, Faridabad & Anr. V/s. Amar Singh (Dead) Through Lrs.

On retirement of the partner, the reconstituted firm continues and the retiring partner is to be paid his dues in terms of Section 37 of the Partnership Act. In case of dissolution, accounts have to be settled and distributed as per the mode prescribed in Section 48 of the Partnership Act Case name: Guru Nanak …

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3m Innovative Properties Ltd & Anr V/s Venus Safety And Health Pvt Ltd & Anr.

“The proper way to construe a specification is not to read the claims first and then see what the full description of the invention is”   [Case Brief] 3m Innovative Properties Ltd & Anr V/s Venus Safety And Health Pvt Ltd & Anr. Case Name: 3m Innovative Properties Ltd & Anr V/s Venus Safety And …

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Assistant Provident Fund Commissioner Versus Vijaya Bank And Ors

Corporate veil can be pierced by the authorities under a statute only where the statute itself permits lifting of corporate veil for realization of dues thereunder. Case name: Assistant Provident Fund Commissioner. Versus Vijaya Bank And Ors Case number: W.P.(C) No.4970/2016 Court: THE HIGH COURT OF DELHI Bench: RAJIV SAHAI ENDLAW, J Decided on: 26th …

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