Tag: Sale Deed
February 1, 2023
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
THE NCLAT SHEDS LIGHT ON ENTITLEMENT OF OPERATIONAL CRE...
Recently, the National Company Law Appellate Tribunal ("NCLAT"), in the case of Dharmindra Constructions Private Limited and Anr. vs. Rajendra Kumar Jain Resolution Professional of Kudos Chemie Limited and Ors. held that the operational creditors are only entitled for minimum of the liquidation value and in the absence of breach of any provisions of the Insolvency and Bankruptcy Code, 2016. ......
December 28, 2022
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
No Room for Discretion in Contractual Matters
Recently, in the case of the State of Madhya Pradesh v. M/S Sew Construction Limited & Ors. , the Supreme Court ("SC") has held that discretion holds no place in matters relating to contracts unless the discretion has been expressly incorporated by the parties as part of the contract. ......
December 1, 2021
Corporate Law | General Corporate Advisory
Corporate Law | General Corporate Advisory
BACK TO THE BASICS: NO CONSIDERATION, NO SALE
On November 22, 2021, the Supreme Court of India in the case of Kewal Krishan vs. Rajesh Kumar & Ors. etc. , held that if a sale deed in respect of an immovable property is executed without payment of price and if it does not provide for the payment of price at a future, it is not a sale at all in the eyes of the law. ......