Reward of property needn’t be handed over

What does the road ahead for cryptocurrencies look like in India?


The Supreme Court docket has resolved an obvious battle of views in its earlier judgments relating to the validity of items and acknowledged {that a} present of property wouldn’t be invalid if the possession is retained by the donor. “There is no such thing as a provision in regulation that possession in property can’t be gifted with out switch of possession of such property,” the judgment stated and added that possession of the gifted property is just not important for validity of a present. On this case, Renikuntla Rajamma vs Ok Sawranamma, the donor retained the best to make use of the property throughout her lifetime. She additionally obtained rents. It was contended that since she retained the usage of property the present was invalid. Inasmuch because the present deed didn’t switch title, possession and the best to take care of the property in absolute phrases in favour of the donee the identical was no present within the eyes of regulation, it was contended. Rejecting the argument, the Supreme Court docket mentioned Sections 122 and 123 of the Switch of Property Act and acknowledged that the retention of profit didn’t have an effect on the switch of possession in favour of the donee by the donor.


Bounced cheque penalty quashed

In a dispute between a property supplier and his driver over a bounced cheque, the Supreme Court docket final week put aside the order the Karnataka Excessive Court docket which imposed a effective of Rs 8.5 lakh on the grasp. The property supplier issued a cheque of Rs 5 lakh to his driver to purchase the latter’s land. However the driver reneged from the sale settlement. Due to this fact, the grasp issued cease fee directions to the financial institution. The motive force filed a prison criticism beneath Part 138 of the Negotiable Devices Act towards his grasp. He alleged that there was no sale settlement and he had given his grasp a hand mortgage of Rs 1.75 lakh 4 years earlier. Although this model of the motive force was disbelieved by the trial court docket, the excessive court docket discovered substance in it and punished the grasp. The businessman appealed to the Supreme Court docket and alleged that the motive force, whom he paid Rs 2,500 as month-to-month wage, had cooked up a narrative that he had given a hand mortgage. The Supreme Court docket examined the proof and acquitted the property supplier in its judgment, Ramadas vs Krishnand.


54-year-old litigation closed

The Supreme Court docket final week closed a 54-year-old litigation over a bit of land in Kolkata on which a hospital had come up. The land had been altering fingers together with litigation over its possession, and with the approaching into power of the City Land Ceiling Act, the West Bengal authorities additionally claimed possession and handed over the land to the hospital. Nonetheless, the excessive court docket dominated that the land was not surplus land and it couldn’t be taken over. In the meantime the hospital had already been working. Due to this fact, the proprietor might get solely compensation, utilisation cost, curiosity and value of litigation for the entire interval. The Supreme Court docket, whereas deciding the case, Somnath Chakraborty vs Appollo Gleneagles Hospitals Ltd, directed the latter to deposit Rs 420 lakh within the court docket, in order that it may very well be paid to the proprietor on displaying the title deeds.


VRS doesn’t bar pension






The Supreme Court docket has dominated that workers of public sector State Financial institution of Patiala who accepted a voluntary retirement scheme are entitled to pension if that they had labored for 20 years. Comparable circumstances from different public sector banks even have been quoted within the judgment to claim the best of the retiring employees. On this case, State Financial institution of Patiala vs Pritam Singh, the financial institution challenged a number of orders of the excessive court docket which had ordered fee of pension. The apex court docket dismissed all of them citing the pension laws for public sector banks.


FCI petition on arbitration rejected

The Delhi Excessive Court docket has dismissed a writ petition moved by Meals Company of India, searching for a course that it shouldn’t be charged enhanced price demanded by Indian Council of Arbitration. The excessive court docket acknowledged that “points as to what quantities the Indian Council of Arbitration can cost may be determined in an acceptable proceedings, however positively not by way of a writ petition.” The court docket famous that there have been 325 arbitration proceedings between the company and millers and most of those have been accomplished.


Board snubbed on every day wage difficulty

The Gujarat Excessive Court docket has dismissed the attraction of the state Water Provide & Sewage Board and criticised it for violating its personal coverage for regularising employees saved on momentary foundation for 5 to fifteen years. In 1988, the federal government had handed a decision to regularise employees in service. In 1994, it determined to not take momentary employees. However the board continued to take such employees and saved them for a few years on every day wages. They moved the excessive court docket. The court docket held that the grouping of every day wagers on the idea of deadline of 30.11.1994 to disclaim advantages of Authorities Decision dated 17.10.1988 have been “unlawful and arbitrary.” On one hand, the board issued round that no every day wagers shall be appointed from 30.11.1994 and “nonetheless the very board appointed tons of of every day wagers in gross violation of their very own coverage and after passage of greater than 15 years terming the motion of appointing these every day wagers as unlawful can’t be accepted and must be rejected. The board can’t punish others for their very own wrongdoings,” the judgment stated.


Most cancers charity wins tax case

The Revenue Tax Appellate Tribunal in Mumbai has quashed the order of the income authorities cancelling the registration of the Most cancers Help and Analysis Basis for alleged violation of its goals and objects. The primary object of the inspiration was to offer financial, medical and different help to poor folks affected by most cancers. The authorities took motion towards the organisation on the bottom that it had purchased a BMW automobile costing Rs 32 lakh for a trustee, and it provided for industrial sale land allotted to it in Ratnagiri for a most cancers hospital. The tribunal rejected these and different objections. The luxurious automobile was purchased for the belief although the supplier named the trustee as proprietor within the bill. The land was provided on the market as a result of the hospital couldn’t be accomplished as there weren’t sufficient donors. These objections raised by the income authorities have been rejected and the tribunal asserted that the registration shouldn’t be cancelled.

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