{"id":255769,"date":"2021-10-18T11:06:55","date_gmt":"2021-10-18T05:36:55","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=255769"},"modified":"2021-10-18T11:07:21","modified_gmt":"2021-10-18T05:37:21","slug":"2021-scc-vol-7-part-1","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2021\/10\/18\/2021-scc-vol-7-part-1\/","title":{"rendered":"2021 SCC Vol. 7 Part 1"},"content":{"rendered":"<blockquote>\n<p style=\"text-align: justify;\">In Part 1 of Volume 7, read this very interesting article titled: Personal Guarantors of Corporate Debtors Finally in the Net of IBC by Sunil Gupta,(<a href=\"http:\/\/www.scconline.com\/DocumentLink\/Zh254W8a\">2021) 7 SCC (J-1)<\/a> analysing and explaining the verdict of Lalit Kumar Jain v. Union of India, (2021) 9 SCC 321 stressing upon the two contentions advanced by Personal Guarantors of the Corporate Debtors.<\/p>\n<hr \/>\n<\/blockquote>\n<p style=\"text-align: justify;\"><strong>Arbitration and Conciliation Act, 1996 \u2014 Pt. II &amp; S. 44 and Pt. I: <\/strong>Foreign-seated international commercial arbitration between two Indians\/Indian entities i.e. with seat of arbitration outside India, held, permissible. Pt. II of the Act would be applicable to such arbitration, as opposed to Pt. I. Further held, agreement providing for such arbitration does not amount to an agreement in restraint of legal proceedings i.e. is not violative of S. 28 of the Contract Act, 1872. Nor does such agreement violate S. 23 of the Contract Act, 1872. Award passed in such arbitration proceedings would be considered, as foreign award so as to be enforceable in India in terms of Pt. II of the A&amp;C Act, 1996. [Pasl Wind Solutions (P) Ltd. v. GE Power Conversion (India) (P) Ltd., <a href=\"http:\/\/www.scconline.com\/DocumentLink\/Z0OP9c87\">(2021) 7 SCC 1<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Constitution of India \u2014 Art. 137:<\/strong> Bench hunting through mode of review, stringently deprecated. [Vedanta Ltd. v. Goa Foundation, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/aoLoDnN6\">(2021) 7 SCC 206<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Criminal Procedure Code, 1973 \u2014 Ss. 439, 357, 250(1), 372 and 235(2) \u2014 Stage of grant of bail \u2014 Determination and payment of compensation as a pre-condition for grant of bail:<\/strong> Compensation cannot be determined at stage of consideration of grant of bail. However, this does not rule out the imposition of other monetary conditions as precondition(s) for grant of bail. [Dharmesh v. State of Gujarat, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/gSjL02jO\">(2021) 7 SCC 198<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Income Tax Act, 1961 \u2014 S. 80-P(2)(a)(i) and S. 80-P(4) (as introduced by Finance Act 21 of 2006 w.e.f. 1-4-2007):<\/strong> Entitlement of Cooperative societies to benefit of deductions available under S. 80-P, generally, discussed. Deductions under S. 80-P, when and to what extent can be availed, principles summarized. [Mavilayi Service Coop. Bank Ltd. v. CIT, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/K66nhE7V\">(2021) 7 SCC 90<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Income Tax Act, 1961 \u2014 Ss. 143, 144 and 68 \u2014 Concealment of income \u2014 Whether established \u2014 Proper disclosure of sources of income, but at penalty proceedings stage \u2014 Effect of:<\/strong> Once sources of income were disclosed on affidavit and recorded statements of persons concerned in penalty proceedings, held, it could no longer be said that the amounts in question were income from undisclosed sources. [Basir Ahmed Sisodiya v. CIT, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/LrtE42LL\">(2021) 7 SCC 136<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Motor Vehicles Act, 1988 \u2014 Ss. 147 and 166 \u2014 Liability of insurer \u2014 Determination of:<\/strong> In this case, insurance policy covered risk of third parties including unnamed passengers, in respect of which premium was duly paid. Another clause covered \u201cemployees\u201d such as driver and cleaner upon payment of additional premium, but such additional premium not paid in respect of this \u201cemployees\u201d clause. While determining that deceased if was an \u201cemployee\u201d of assured so as to not be covered by policy, or, fell in category of unnamed passenger, as he was contractually engaged and not a regular employee, the Supreme Court held that insurance company would be liable under policy to pay compensation in case of death to unnamed passengers other than insured and his paid driver or cleaner, deceased being one such unnamed passenger, as premium had been paid in respect of unnamed passengers. [Sushilaben Indravadan Gandhi v. New India Assurance Co. Ltd., <a href=\"http:\/\/www.scconline.com\/DocumentLink\/ET3v5JX0\">(2021) 7 SCC 151<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>\u00a0<\/strong><strong>Penal Code, 1860 \u2014 S. 498-A:<\/strong> Conviction of parents-in-law of deceased living in separate house, for alleged harassment meted out to her, held not sustainable in this case as there was absence of direct evidence against them. Hence, their conviction was not maintainable on probability. They were entitled to benefit of doubt. Hence, their conviction stood set aside. [R. Natarajan v. State of T.N., <a href=\"http:\/\/www.scconline.com\/DocumentLink\/26BKXW34\">(2021) 7 SCC 204<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Penal Code, 1860 \u2014 Ss. 302\/34:<\/strong> In this case, death of deceased was due to gunshot injury and injuries by knife\/sharp weapon. After appreciation of evidence, the Supreme Court observed that conviction of 3 accused persons under S. 302 r\/w S. 34, was rightly upheld by High Court. [Rakesh v. State of U.P., <a href=\"http:\/\/www.scconline.com\/DocumentLink\/TP4TitLU\">(2021) 7 SCC 188<\/a>]<\/p>\n<p style=\"text-align: justify;\"><strong>Personal Guarantors of Corporate Debtors and IBC: <\/strong>Personal Guarantors of the Corporate Debtors advanced two main contentions before the Court in Lalit Kumar Jain v. Union of India, (2021) 9 SCC 321. The short study in this article with the help of the statutory background of IBC (including certain amendments in IBC) is an endeavour to analyse and explain the said verdict on those two contentions in simple terms. Personal Guarantors of Corporate Debtors Finally In the Net of IBC by Sunil Gupta [(<a href=\"http:\/\/www.scconline.com\/DocumentLink\/Zh254W8a\">2021) 7 SCC (J-1)<\/a>]<\/p>\n","protected":false},"excerpt":{"rendered":"<p>In Part 1 of Volume 7, read this very interesting article titled: Personal Guarantors of Corporate Debtors Finally in the Net of <\/p>\n","protected":false},"author":8808,"featured_media":249204,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,16],"tags":[4751,47542,26884,29785,11411],"class_list":["post-255769","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casesreported","category-supremecourtcases","tag-scc","tag-2021-scc-vol-7-part-1","tag-cases-reported","tag-law","tag-supreme-court-cases"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.4 (Yoast SEO 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I or Pt. II \u2014 Doctrine of severability","author":"Sucheta","date":"September 4, 2014","format":false,"excerpt":"Cases Reported in 2014 SCC Vol. 7 August 28, 2014 Part 4Law of substantive contract does not determine law of arbitration agreement\/lex arbitri. Parties are entitled to agree that law of one country would govern substantive contract and laws of another country would apply to arbitration agreement. Parties can also\u2026","rel":"","context":"In &quot;SCC Weekly&quot;","block_context":{"text":"SCC Weekly","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/supremecourtcases\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":6218,"url":"https:\/\/www.scconline.com\/blog\/post\/2014\/09\/04\/arbitration-and-conciliation-act-1996-pt-i-or-pt-ii-doctrine-of-severability\/","url_meta":{"origin":255769,"position":1},"title":"Arbitration and Conciliation Act, 1996 \u2014 Pt. I or Pt. II \u2014 Doctrine of severability","author":"Sucheta","date":"September 4, 2014","format":false,"excerpt":"Cases Reported in 2014 SCC Vol. 7 August 28, 2014 Part 4Law of substantive contract does not determine law of arbitration agreement\/lex arbitri. Parties are entitled to agree that law of one country would govern substantive contract and laws of another country would apply to arbitration agreement. Parties can also\u2026","rel":"","context":"In &quot;Alternate Dispute Resolution&quot;","block_context":{"text":"Alternate Dispute Resolution","link":"https:\/\/www.scconline.com\/blog\/post\/category\/alternate_dispute_resolution\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2015\/10\/scc-blog_Page_9.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":244305,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/01\/scc\/","url_meta":{"origin":255769,"position":2},"title":"2021 SCC Vol. 1 Part 3","author":"Bhumika Indulia","date":"March 1, 2021","format":false,"excerpt":"Read the seminal judgment of Supreme Court on requirements for a premises in question to qualify as \"shared household\" for purposes of the Domestic Violence Act, expertly analysed by our Editors in over 12 short notes in the SCC Issue dated 21st January, 2021 (Vol. 1 Part 3). Is it\u2026","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":245855,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/03\/20\/2021-scc-vol-2-part-1\/","url_meta":{"origin":255769,"position":3},"title":"2021 SCC Vol. 2 Part 1","author":"Bhumika Indulia","date":"March 20, 2021","format":false,"excerpt":"SCC Issue dated February 14th, 2021 (Vol. 2 Part 1) Read the decisive judgment of the three-Judge Bench in the Vidya Drolia case, dexterously analysed by our Editors in over 21 short notes. The Judgment expounds on what is arbitrable and what is not. It propounds a fourfold test for\u2026","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2018\/01\/SCC-weekly-7-Jan-2018.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":252783,"url":"https:\/\/www.scconline.com\/blog\/post\/2021\/08\/17\/2021-scc-vol-4-part-3\/","url_meta":{"origin":255769,"position":4},"title":"2021 SCC Vol. 4 Part 3","author":"Bhumika Indulia","date":"August 17, 2021","format":false,"excerpt":"2021 SCC Vol. 4 Part 3 Arbitration and Conciliation Act, 1996 \u2014 Pt. II and S. 20 \u2014 Law of arbitration\/curial law\/seat of arbitration \u2014 Determination of, by consent of parties: In this case, Cl. 67 of the contract between the parties inter alia provided that in the absence of\u2026","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":260563,"url":"https:\/\/www.scconline.com\/blog\/post\/2022\/01\/25\/2021-scc-vol-9-part-2\/","url_meta":{"origin":255769,"position":5},"title":"2021 SCC Vol. 9 Part 2","author":"Bhumika Indulia","date":"January 25, 2022","format":false,"excerpt":"In this part read a very interesting decision expertly analysed by our editors. Supreme Court ruled that the trustees are required to seek consent by majority of the unit holders, when they by majority decide to wind up a \u00a0mutual fund scheme. Also, consent by majority of the unit holders\u2026","rel":"","context":"In &quot;Cases Reported&quot;","block_context":{"text":"Cases Reported","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casesreported\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2021\/06\/SCC_Standard.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]}],"amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/255769","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/users\/8808"}],"replies":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/comments?post=255769"}],"version-history":[{"count":0,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/posts\/255769\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media\/249204"}],"wp:attachment":[{"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/media?parent=255769"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/categories?post=255769"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.scconline.com\/blog\/wp-json\/wp\/v2\/tags?post=255769"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}