{"id":243118,"date":"2021-02-01T13:30:20","date_gmt":"2021-02-01T08:00:20","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=243118"},"modified":"2021-02-01T11:11:48","modified_gmt":"2021-02-01T05:41:48","slug":"2020-scc-vol-10-part-2","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/02\/01\/2020-scc-vol-10-part-2\/","title":{"rendered":"2020 SCC Vol. 10 Part 2"},"content":{"rendered":"

Constitution of India \u2014 Arts. 19(1)(g) and (6) \u2014 Virtual currencies (VCs) or Cryptocurrencies \u2014 Reasonableness and proportionality of restrictions on right to carry on trade\/business concerning VCs \u2014 Determination:<\/strong> RBI Circular dt. 6-4-2018 directing entities regulated by it (i) not to deal in virtual currencies nor to provide services for facilitating any person or entity in dealing with or settling virtual currencies, and (ii) to exit the relationship with such persons or entities, if they were already providing such services to them is not valid due to its being a disproportionate measure, despite the issuance of the circular being within the ambit of RBI’s powers. Test of proportionality, as laid down in Modern Dental College & Research Centre<\/em>, (2016) 7 SCC 353<\/a>, namely: (i) that the measure is designated for a proper purpose, (ii) that the measures are rationally connected to the fulfilment of the purpose, (iii) that there are no alternative less invasive measures, and (iv) that there is a proper relation between the importance of achieving the aim and the importance of limiting the right, is not satisfied by the impugned circular, when virtual currencies are themselves not banned. [Internet & Mobile Assn. of India <\/em>v. Reserve Bank of India, <\/em>(2020) 10 SCC 274<\/a>]<\/p>\n

Consumer Protection \u2014 Services \u2014 Banking\/Shares\/Securities and other Financial Services \u2014 Hire-purchase:<\/strong> Repossession of vehicle by financier\/owner in accordance with the terms and conditions of the hire-purchase agreement, hired under a hire-purchase agreement, on default of payment by hirer and nonreleasing of the same on the promise of payment does not amount to deficiency of service. True nature of hire-purchase agreement contrasted with loan transaction (wherein goods are sold to customer and then hypothecated or pledged back to financier by the customer), explained. Financier, as opposed to the hirer is considered as the real owner of the hired vehicle in transaction which is clearly a hire-purchase agreement (and is found not to be a loan transaction). A hire-purchase agreement is an executory contract of sale, conferring no right in rem on the hirer, until the conditions for transfer of the property to him have been fulfilled and the financier continues to be the owner of the goods under a hire-purchase agreement while the hirer simply pays for use of the goods and for the option to purchase them. Until the option to purchase is exercised by the hirer upon payment of all amounts agreed upon between the hirer and the financier, the hirer remains a bailee of the goods covered by the hire-purchase agreement. Whether the transaction between a financier and a purchaser\/hirer is a hire-purchase transaction, or a loan transaction, is to be determined from the terms of the agreement, considered in the light of surrounding circumstances. However, even a loan transaction, secured by right of seizure of a financed vehicle, confers licence to the financier to seize the vehicle. [Magma Fincorp Ltd. <\/em>v. Rajesh Kumar Tiwari, <\/em>(2020) 10 SCC 399<\/a>]<\/p>\n

Customs Tariff Act, 1975 \u2014 S. 9-A \u2014 Anti-dumping duty \u2014 Purpose of \u2014 Dumping \u2014 Meaning of and factors constituting it:<\/strong> Completion of investigation into allegations of dumping, within prescribed time period is essential. Designated Authority enlarging period of investigation and seeking contemporaneous data for enlarged time-frame when circumstances so warrant, permissible. Such action cannot be termed as arbitrary. [Directorate General of Trade Remedies <\/em>v. Andhra Petrochemicals Ltd., <\/em>(2020) 10 SCC 209<\/a>]<\/p>\n

Education Law \u2014 Reservation of Seats\/Quota\/Exemption\/Priority\/Affirmative Action\/Reverse Discrimination \u2014 Generally \u2014 Permissibility, Nature and scope \u2014 Reservation \u2014 Academic session from which to be implemented:<\/strong> In this case, it was observed that since Amending Act does not contemplate that benefit of reservation has to be granted in ongoing academic session, therefore, University was at liberty to decide to extend benefit from next academic session. Provision for commencement of Amending Act \u201cat once\u201d means implementation of the Act within a reasonable time. Decision of Executive Council of University was taken within a reasonable time and cannot be said to be arbitrary as admission process was initiated before Amending Act came into force. Therefore, it was not possible to give effect to provisions of the Amending Act from academic session 2019-2020. Hence, action of University to grant benefit of Amending Act from next academic session of 2020 2021 cannot be said to be unreasonable and is a possible decision in terms of Amending Act. [Shreyas Sinha <\/em>v. W.B. National University of Juridical Sciences, <\/em>(2020) 10 SCC 227<\/a>]<\/p>\n

Registration Act, 1908 \u2014 S. 17(2)(vi):<\/strong> Compromise decree comprising immovable property which is <\/em>the subject-matter of the suit or proceeding in question, held, does not require registration. It is only a compromise decree comprising immovable property other than that <\/em>which is the subject-matter of suit or proceeding in question which requires registration. [Gurcharan Singh <\/em>v. Angrez Kaur, <\/em>(2020) 10 SCC 250<\/a>]<\/p>\n

Registration Act, 1908 \u2014 S. 17(2)(vi):<\/strong> Compromise decree comprising immovable property which is <\/em>the subject-matter of the suit or proceeding in question, held, does not require registration. It is only a compromise decree comprising immovable property other than <\/em>that which is the subject-matter of suit or proceeding in question, which requires registration. [Mohd. Yusuf <\/em>v. Rajkumar, <\/em>(2020) 10 SCC 264<\/a>]<\/p>\n

Service Law \u2014 Pension \u2014 Entitlement to pension:<\/strong> In this case, there was absorption of respondents in Rajasthan SRTC on closing down of Rajasthan State Agro Industries Corporation Ltd. vide order dt. 3-10-1996. Pursuant to Noti. dt. 12-2-1997 applications were invited from absorbed employees to opt for either CPF Scheme or GPF and Pension Scheme, respondents opted for pension within stipulated time. Respondents were governed by CPF Scheme in erstwhile Corporation. Regional Provident Fund Commissioner transferred contribution of employees as well as of employer to Rajasthan SRTC. Denial of pension on ground of non-receipt of capital amount from erstwhile Corporation, held, not proper. [Rajasthan SRTC <\/em>v. Goverdhan Lal Soni, <\/em>(2020) 10 SCC 234<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"

Constitution of India \u2014 Arts. 19(1)(g) and (6) \u2014 Virtual currencies (VCs) or Cryptocurrencies \u2014 Reasonableness and proportionality of restrictions on right <\/p>\n","protected":false},"author":8808,"featured_media":182154,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,16],"tags":[4751,45007,26884,29785,11411],"class_list":["post-243118","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casesreported","category-supremecourtcases","tag-scc","tag-2020-scc-vol-10-part-2","tag-cases-reported","tag-law","tag-supreme-court-cases"],"yoast_head":"\n2020 SCC Vol. 10 Part 2 | SCC Times<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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In the 180 pages long verdict penned by Justice Ramasubramania, it was held, \u201cWhen the consistent stand of RBI\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2017\/09\/Supreme-Court_Colour.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":195108,"url":"https:\/\/www.scconline.com\/blog\/post\/2018\/04\/09\/rbi-prohibits-dealing-in-virtual-currencies-by-regulated-entities\/","url_meta":{"origin":243118,"position":1},"title":"RBI prohibits dealing in Virtual Currencies by regulated entities","author":"Saba","date":"April 9, 2018","format":false,"excerpt":"Reserve Bank has repeatedly through its public notices on December 24, 2013, February 01, 2017 and December 05, 2017, cautioned users, holders and traders of virtual currencies, including Bitcoins, regarding various risks associated in dealing with such virtual currencies. 2. In view of the associated risks, it has been decided\u2026","rel":"","context":"In "Business News"","block_context":{"text":"Business News","link":"https:\/\/www.scconline.com\/blog\/post\/category\/news\/business_news\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/Bitcoin.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/Bitcoin.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/Bitcoin.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/Bitcoin.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/Bitcoin.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":256208,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/28\/dealing-in-virtual-currency-and-duping-people-of-rs-2-5-crores\/","url_meta":{"origin":243118,"position":2},"title":"Virtual Currency | Dealing in virtual currency and duping people of Rs 2.5 Crores: Can bail be granted for such alleged economic offences? Read full report to know","author":"Bhumika Indulia","date":"October 28, 2021","format":false,"excerpt":"Delhi High Court: Getting indulged in Virtual Currencies even after receiving public notices not to deal in the same and further duping several people, the accused applied for bail. Anu Malhotra, J., denied application of the accused concerned by expressing that, \u201c\u2026alleged commission of economic offences corrode the fabric of\u2026","rel":"","context":"In "Case Briefs"","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":258813,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/12\/21\/school-of-law-bennett-university-iv-bennett-national-moot-court-competition\/","url_meta":{"origin":243118,"position":3},"title":"School of Law, Bennett University | IV Bennett National Moot Court Competition","author":"Bhumika Indulia","date":"December 21, 2021","format":false,"excerpt":"ABOUT BENNETT UNIVERSITY Bennett University has been established by the \u2018Times Group\u2019, India\u2019s largest media conglomerate through Act No. 24 of 2016 passed by the Government of Uttar Pradesh. 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