live law consumer Arbitration trust ombudsman

വിറ്റ സാധനം തിരിച്ചെടുക്കില്ലെന്ന് പറയാന്‍ വ്യാപാര സ്ഥാപനങ്ങള്‍ക്ക് അധികാരമില്ല; ഉപഭോക്താക്കളുടെ അവകാശലംഘനമാണെന്ന് ഹൈക്കോടതി http://dhunt.in/6SUoU?s=a&ss=pd via Dailyhunt

The NCLAT has held that an agreement barring the filing of a suit or case between parties in India while vesting the jurisdiction with a foreign court does not oust the jurisdiction of the Adjudicating Authority i.e National Company Law Tribunal (NCLT) for proceedings under the Insolvency and Bankruptcy Code (IBC). The order was passed by a three-member bench of Chairperson, Justice  SJ Mukhopadhaya , Member (Judicial), Justice  AIS Cheema  and Member (Technical)  Kanthi Narahari. An application under  Section 9  IBC was filed by Benteler Trading International GMBH, a German Company against the Corporate Debtor, Excel Metal Processors Private Limited for failing to make payment to the extent of US $1,258,219.42 inclusive of interest @ 15% per annum. After the Adjudicating Authority (National Company Law Tribunal), Mumbai Bench admitted the application, the Director of the Corporate Debtor, Imran Iqbal Khan moved an appeal before the NCLAT. The Appellant...

TDS on Interest on Bank Deposits-Latest Provisions and Furnishing of 15G/15H Wef 01.04.2019, as per Sec 194(a) of Income Tax act, Limit for TDS on Interest on Bank Deposits raised to -Rs40,000/- from Rs 10,000/-( Finance Act 2019). For Senior Citizens the Limit is Rs 50,000/-( Increased last Year). Banks would deduct TDS at 10 %  on Interest on Deposits, if the annual aggregate accrued/payable/paid interest exceeds the limit of Rs 40,000/-Rs 50,000/-. The limit is per Bank per Financial Year.( @ 20% if  PAN is  not furnished) An individual can seek exemption from this Tax deduction at Source, by furnishing 15G/15H, if he estimates that his/her Income Tax liability would be Nil for the Current FY. Important Points are 1. 15H is meant for Senior Citizens of age 60 years and above. 15 G is meant for others, below 60 Years. PAN is mandatory. 2. If a person estimates that his annual Income Tax Liability would be Nil, he/she can furnish 15G. After availing all eligible de...