section 126 contract act – Lawcutor

Supreme Court Upholds Corporate Guarantee as Valid Contract; Canara Bank Held Liable for Erroneous Remittance of USD 100,000 Contrary to Customer Mandate

The Supreme Court has upheld the liability of Archean Industries Private Limited under a “Corporate Guarantee” executed in favour of Goltens Dubai for payment of USD 100,000 towards vessel repair…

Supreme Court Upholds Higher Stamp Duty on Security Bond cum Mortgage Deeds: No Relief for Borrowers and Developers

In a ruling that clarifies the classification of financial security instruments, the Supreme Court of India has dismissed appeals challenging the imposition of stamp duty under Article 40 of Schedule…