unilateral deduction Archives

Bank cannot unilaterally deduct money from pension account of retired employee acting as loan guarantor: Orissa High Court

“A unilateral debit from a customer’s account, especially when it consists of pension money, is an extreme step. The petitioner was entitled to at least a notice or demand, and an opportunity to be heard on why the sum was being taken.”

Vedanta’s deductions Rajasthan oil arbitration

Case Briefs High Courts

Inside Delhi High Court’s ruling on Vedanta’s cost recovery deductions in Rajasthan oil block arbitration dispute

Vedanta is engaged in a product sharing contract with the government of India, for exploration, discovery, development and production of petroleum resources in relation to an onshore oil and gas block known as Rajasthan Block, since 1995.