Search Results for Tag : Contracts
News
SC: Absence of Arbitration Agreement Make Article 137 of Limitation Act Inapplicable to Arbitration(07.04.2022)
Supreme Court has observed that Article 137 of the Limitation Act, 1963 would be inapplicable in arbitration proceedings commenced under Bihar Public .....
Tags : Supreme Court, Article 137 of the Limitation Act, 1963, Bihar Public Works Contracts Disputes Arbitration Tribunal, arbitration proceedings
Kerala HC: Artificial Breaks in Service Cannot be Used to Deny Maternity Leave Benefits(12.05.2022)
Kerala High Court has ruled that short artificial breaks in service between successive contracts cannot be used as a device to reject maternity rights.....
Tags : Kerala High Court, successive contracts, maternity rights
Delhi HC Upholds DRDO Decision to Bar Entities With Pending Criminal Cases from Defence Contracts(12.08.2022)
Delhi High Court has held that DRDO’s policy decision requiring the bidders for defence contracts to submit an undertaking that there is no ongoing en.....
Tags : Delhi High Court, DRDO, Defence Contracts, National Importance
Supreme Court Stays Bombay HC Verdict on Levy of Stamp Duty on Advertisement Contracts(28.03.2017)
Supreme Court has stayed Bombay High Court judgment which had dismissed the challenge against levy of stamp duty on contracts entered into by advertis.....
Tags : Supreme Court, Advertisement Contracts, Stamp Duty
Bombay HC: Application of Hudson's Formula for Computation of Loss is Not Unreasonable(12.12.2022)
Bombay High Court has held that Hudson's formula is widely accepted in construction contracts for computing losses and therefore the application of th.....
Tags : Bombay High Court, Hudson's Formula, Construction Contracts
CIVIL - SC Strikes Down Rs. 6,300-cr Food Contracts(11.03.2019)
Supreme Court (SC) has struck down tenders worth Rs 6,300 crore issued in 2016 by the Maharashtra women and child development department for supplying.....
Tags : Supreme Court, Food Contracts, Take Home Ration (THR)
Notifications & Circulars
Permission for trading in futures contracts and modification in contract specifications at exchange level(20.09.2016)
As per Section 131 (4) of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstw.....
Tags : Contracts, Permission, Exchange level
Modifications in the contract specifications of commodity derivatives contracts(14.11.2019)
1. SEBI vide its circular ref. no. SEBI/HO/CDMRD/CIR/2016/88 dated September 20, 2016 had inter-alia prescribed at Para 3(c) provisions regarding perm.....
Tags : Modifications, Contract specifications, Derivatives contracts
Performance review of the commodity derivatives contracts(04.02.2020)
1. The primary objective of the commodity derivatives market is to provide credible future price signals to market participants and an effective platf.....
Tags : Review, Commodity derivatives, Contracts
Introduction of future contracts on Corporate Bond Indices(10.01.2023)
1. In order to enhance liquidity in the bond market and also to provide opportunity to the investors to hedge their positions, SEBI had constituted a .....
Tags : Introduction, future contracts, Corporate Bond
Del. HC: Arbitration Award Violating Indian Contracts Act is Patently Illegal(15.03.2023)
Delhi High Court while partially set aside an arbitration award that was passed in contravention of Sections 59-61 of Indian Contracts Act (ICA), 1872.....
Tags : Delhi High Court, Contracts Act, Arbitration Award, Violation, Illegal
Del. HC: Supplementary Agreement Executed Under Duress Can’t Preclude Party to Claim Damages(14.08.2023)
Delhi High Court has held that a supplementary agreement executed by a contractor forego of its claims cannot preclude him from claiming damages if th.....
Tags : Delhi High Court, Supplementary Agreement, BOT contracts
Andhra Pradesh High Court: Executed Power Contracts Cannot be Renegotiated(16.03.2022)
Andhra Pradesh High Court has held that executed power contracts cannot be renegotiated and asked the state to clear dues estimated at Rs 30,000 Crore.....
Tags : Andhra Pradesh High Court, Power Contracts
SC: Successful Allottee or Bidder to Decide on Existing Contracts in Coal Mining Operation(22.09.2021)
Supreme Court has observed that a successful allottee or bidder has complete freedom to decide as to whether he desires to continue or adopt any such .....
Tags : Supreme Court, Contracts in Coal Mining Operation
SC: Businessmen Will Be Hesitant to Enter Govt Contracts If Undertakings Altered Regularly(01.12.2021)
Supreme Court has cautioned against the public authorities changing the undertakings in government contracts merely due to the change of person in pow.....
Tags : Supreme Court, Alteration of Government Contracts
Staggered delivery, early delivery system, early pay-in facility, penalty on delivery default, fixation of FSP and changes in expiry dates(21.09.2016)
As per Section 131[B]of the Finance Act, 2015 all rules, directions, guidelines, instructions, circulars, or any like instruments, made by the erstwhi.....
Tags : Rules, Contracts, Continuation
Bilateral Netting of Qualified Financial Contracts- Amendments to Prudential Guidelines(30.03.2021)
1. The Bilateral Netting of Qualified Financial Contracts Act, 2020 (hereafter referred to as "the Act"), has been notified by the Government of India.....
Tags : Bilateral Netting, Financial Contracts, Amendments
Reducing documentary requirements for hedging transactions(07.04.2016)
The Reserve Bank of India released proposals to ease documentation requirements on residents for hedging currency risk arising out of trade transactio.....
Tags : hedging risk, derivate contracts, documentary evidence
Calendar spread margin benefit in commodity futures contracts(09.08.2021)
1. SEBI had prescribed norms, inter-alia, for providing margin benefit on calendar spread positions in commodity futures contracts vide circular SEBI/.....
Tags : Benefit, Futures contracts
Committee recommends modifications to Specific Relief Act 1963(20.06.2016)
An Expert Committee set up to bring changes in specific performance trends submitted its report proposing amendments to the Specific Relief Act 1963.<.....
Tags : Specific relief, damages, public contracts