Corporate Law Judgements
Delhi HC admits winding up petition filed by E&Y against a Corporate for non Payment of Fees
At no point of time did JIL terminate the LOE. It also did not write to E&Y in response to the invoices received by it after 10-4-2010 protesting that the success fee claimed was either not payable or that the rate was not 1.15 per cent. Also JIL never wrote to E&Y stating that it…
Read MoreSC directs Election commission to control corrupt practices in elections; Defines Powers & Duties of CAG
The Supreme Court held as under: 1) Promise of ‘freebies’ (TV sets, laptops, mixers, grinders etc.) in election manifestoes of political parties was not ‘corrupt practice’ under section 123 of Representation of People Act, 1951. As the said section covered corrupt practices & inducements by candidates for winning elections (irrespective of whether the candidate’s party…
Read MoreEmployees can’t claim VRS benefit as matter of right: Supreme Court
“A voluntary retirement scheme introduced by a company, does not entitle an employee as a matter of right to the benefits of the scheme,” a bench headed by Chief Justice Altamas Kabirsaid. The Bench also held “Whether an employee should be allowed to retire in terms of the scheme (VRS) is a decision which can…
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