News and Updates Issue 12 Duration April 16-30, 2019

In order to increase the accessibility and efficiency of services extended to the members of the public for their day-to-day non-trade current account transactions, it has been decided that Systemically Important Non-Deposit taking Investment and Credit Companies shall be eligible for Authorized Dealer- Category II (AD- Cat II) licence, subject to meeting the specified conditions. In this context, the Reserve Bank of India (RBI) has issued

ORDERS AND JUDGMENTS

The Supreme Court (SC) has reiterated that the principle of Res Judicata is applicable to Writ Petitions as well. In P. Bandopadhya v. Union of India, a judgment of Bombay High Court was challenged before the SC. The present writ Petition was filed by former employees in the Overseas Communications Service, a Department of the Government of India. The High Court dismissed their plea holding that they were not eligible to avail pensionary benefits under the Government of India, since they had served for less than 10 years on the date of their

ORDERS AND JUDGMENTS

The Supreme Court (SC) has referred to larger bench the correctness of its judgment in Himangni Enterprises v. Kamaljeet Singh Ahluwalia, in which it was held that where the Transfer of Property Act, 1882 applied between landlord and tenant, disputes between the said parties would not be arbitrable. The bench was considering the appeal against Calcutta High Court (HC) order appointing an Arbitrator

Orders and Judgments

The Delhi High Court (HC) has held that the venue of Arbitration cannot change the intention of the parties to vest the courts in a specific region with exclusive jurisdiction over disputes arising out of the Arbitration or its award. The judgment was passed by a Single Judge Bench while deciding a preliminary objection with respect to the jurisdiction of the Delhi High Court