Place of institution of a contract As per sec.4 of Indian Contracts Act 1872, until and unless the acceptance of the offer made, is duly communicated to the offeror, a contract cannot come into force. In the case Bhagwandas Gowedhandas Kedia v. Girdharilal Parshottamdas and Co. and Others, the defendant- Girdharilal Parshottamdas and co failed…
Introduction Laws against insider trading primarily deal with matters where a connected person or an insider has communicated price sensitive information, based on which securities have been traded. The SEBI (Prohibition of Insider Trading) Regulations deals with offences of insider trading in India. It lays down definitions as well as the course of action in…
JUDGES 1. S Ravindra Bhat 2. M.R. Shah 3. Vineet Saran 4. Indira Banerjee 5. Arun Mishra CASE-NUMBER – SLP (C) 9036-9038/2016 [Diary No. 8700/2016] CITATION – [2020] 8 SCC 129 ISSUES 1. Can a Supreme Court decision on a question of law be overruled by a subsequent Supreme Court bench of the same strength? Or does…
CITATION – [2020] 10 SCC 274 JUDGES 1) Rohinton Fali Nariman, 2) Aniruddha Bose 3) V. Ramasubramanian BACKGROUND Reserve Bank of India (RBI) issued a circular dated 6th april,2018. The circular do prohibits the bank and other entities too from trading in virtual currencies. Moreover the circular do barred the banks to provide any kind of services…
CITATION – (2020) 5 SCC 1 BRIEF FACTS OF THE CASE This case i.e. Sushila Aggarwal v. State of NCT of Delhi arises from the final judgment and order in Neetu Aggarwal v. State , the case pertains to the year 2012, and brief facts of the case was that the Petitioner i.e. Neetu Aggarwal being the second wife of…
Difference between guarantee and indemnity The case is based on a contractual clause of assurance – as with regard to clause (2) of the bond agreement between Ranjit Singh and Punjab National Bank Ltd. Therefore, the legal relationships between the parties correspond to that of the events in a contract of guarantee. Clause (2) (of the bond agreement between Ranjit Singh and Punjab National Bank Ltd.) states that; …
INTRODUCTION A two-judge bench of The Supreme Court of India (‘SC’), on 5th December, 2018 res olved the conflict of jurisdiction between Competition Commission of India (‘CCI’) a ndTRAI and the interplay of roles of the two regulators. CCI is a sector-agnostic regul ator authorised to “promote and sustain competition in markets of India”. Whereas, T RAI is sector…
CITATION – 2020 (13) SCALE 443 JUDGES 1. Justices L Nageswara Rao, 2. S Ravindra Bhat, and 3. Hemant Gupta INTRODUCTION The President of India on 4th April 2021 promulgated an Ordinance, on the recommendations of the Central Government, while exercising its powers under Article 123 of the Indian Constitution because, even though the bill was tabled in the Lok Sabha…
CITATION – [2019] 7 SCR 522 FACTS The dispute arose out of a contract between the parties for construction of a four-lane bypass on a National Highway in the State of Madhya Pradesh. The appellant, Ssangyong Engineering, was to be compensated under the contract for inflation in prices of components to be used in construction of the highway.…
CITATION – (2020) 8 SCC 531 INTRODUCTION The Essar Steel Case is a landmark judgment in the arena of Insolvency & Bankruptcy Law, which decided the supremacy of the financial creditors in the Committee of Creditors in cases of distribution of claims. It is one of the oldest cases going under the IBC process which lasted for approximately…
