{"id":336993,"date":"2024-12-11T09:00:23","date_gmt":"2024-12-11T03:30:23","guid":{"rendered":"https:\/\/www.scconline.com\/blog\/?p=336993"},"modified":"2024-12-10T19:25:23","modified_gmt":"2024-12-10T13:55:23","slug":"2024-scc-vol-10-part-2","status":"publish","type":"post","link":"https:\/\/www.scconline.com\/blog\/post\/2024\/12\/11\/2024-scc-vol-10-part-2\/","title":{"rendered":"2024 SCC Vol. 10 Part 2"},"content":{"rendered":"<div style=\"text-align: justify; line-height: 150%;\">\n<div style=\"background-color: #e6eeff; border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683660\" target=\"_blank\">Bombay Stamp Act, 1958 (60 of 1958)<\/a> &#8212; Ss. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683162\" target=\"_blank\">33<\/a>, <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683164\" target=\"_blank\">34<\/a>, <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683167\" target=\"_blank\">37<\/a>, <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683170\" target=\"_blank\">4(2), 4(1)<\/a> and Sch. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683125\" target=\"_blank\">I<\/a> Art. 25 Expln. I &#8212; Stamp duty on agreement to sell &#8212; Liability to pay under the 1958 Act:<\/span> When agreement to sell consists of a clause to hand over possession of property, held, then it has to be treated as &#8220;conveyance&#8221; for purpose of the <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-9000683660\" target=\"_blank\">Maharashtra Stamp Act, 1958<\/a>. Therefore, liability to pay stamp duty will arise at time of execution of such agreement to sell. In such case, further held, when stamp duty is payable on the agreement to sell itself, party concerned cannot seek benefit of S. 4 and claim that stamp duty having been paid on the sale deed, separate stamp duty was not payable on the earlier agreement to sell. Hence, held, agreements to sell in question ought to have been necessarily stamped and registered, [<i>Shyamsundar Radheshyam Agrawal<\/i> v. <i>Pushpabai Nilkanth Patil<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/oGq69pMl\" target=\"_blank\">(2024) 10 SCC 324<\/a>]<\/p>\n<\/div>\n<div style=\"border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002766251\" target=\"_blank\">Companies Act, 2013<\/a> &#8212; S. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001537727\" target=\"_blank\">59<\/a> &#8212; Rectification of register of members &#8212; Proper exercise of power in respect of &#8212; Requirements of:<\/span> NCLT exercising jurisdiction under S. 59 has to examine the factual issues to ascertain the substance of the issue before it after removing the cloak of the form of the application. Further, the expression &#8220;rectification&#8221;, connotes something that ought to have been done but, by error, was not done, or what ought not to have been done but was done, requiring correction. Also, the phrase &#8220;sufficient cause&#8221; in S. 59 is to be tested in relation to the statutory mandate thereof i.e. anything done or omitted to be done in contravention of the 2013 Act or the Rules framed thereunder, [<i>Chalasani Udaya Shankar<\/i> v. <i>Lexus Technologies (P) Ltd.<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/l85TKz9O\" target=\"_blank\">(2024) 10 SCC 303<\/a>]<\/p>\n<\/div>\n<div style=\"background-color: #e6eeff; border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002726967\" target=\"_blank\">Constitution of India<\/a> &#8212; Sch. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001575380\" target=\"_blank\">VII List II Entries 49 and 50<\/a>:<\/span> Ruling of nine-Judge Bench in MADA, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/IuqM46pR\" target=\"_blank\">(2024) 10 SCC 1<\/a>, held, not prospective. Doctrine of prospective overruling i.e. a case where constitutional court overrules a well-established precedent by declaring a new rule but limits its application to future situations is not applicable. However, certain ameliorative directions issued for the past period, [<i>Mineral Area Development Authority<\/i> v. <i>SAIL (Enforcement Order)<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/h8zPtcIG\" target=\"_blank\">(2024) 10 SCC 257<\/a>]<\/p>\n<\/div>\n<div style=\"border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002726935\" target=\"_blank\">Criminal Procedure Code, 1973<\/a> &#8212; S. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001519739\" target=\"_blank\">438<\/a>:<\/span> Application for anticipatory bail is maintainable, while accused in judicial custody in connection with different offence, [<i>Dhanraj Aswani<\/i> v. <i>Amar S. Mulchandani<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/LKATc7Zj\" target=\"_blank\">(2024) 10 SCC 336<\/a>]<\/p>\n<\/div>\n<div style=\"background-color: #e6eeff; border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\">Government Contracts and Tenders &#8212; Formation of Government Contract &#8212; Modes of entering into a Government Contract &#8212; Public Auction\/Tender &#8212; Tender Conditions\/Criteria\/Norms\/Request for Proposal (RFP) Conditions\/Notice Inviting Tender (NIT)\/Advertisement\/ Invitation to offer\/Reserve price\/Prequalifications\/Scope of judicial review:<\/span> Though Court cannot sit in appeal over Government authorities&#8217; decision to enter into contracts, when they act fairly, reasonably and in a transparent manner. However, if they exercise authority to deviate from an essential term of a contract, and do not apply same across all bidders however select a few, Court can interfere with such decision, [<i>Banshidhar Construction (P) Ltd.<\/i> v. <i>Bharat Coking Coal Ltd.<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/gjufml7W\" target=\"_blank\">(2024) 10 SCC 273<\/a>]<\/p>\n<\/div>\n<div style=\"border-bottom: 1px solid black; border-bottom-style: dashed;\">\n<p style=\"margin-bottom: 3%;\"><span style=\"font-weight: bold;\"><a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0002780400\" target=\"_blank\">Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, 2002<\/a> &#8212; S. <a href=\"https:\/\/www.scconline.com\/DocumentLink.aspx?q=JTXT-0001567730\" target=\"_blank\">13<\/a>:<\/span> MSME Revival and Rehabilitation Framework Instructions, dt. 29-5-2016 as revised by RBI Noti. dt. 17-3- 2016, and RBI [Lending to Micro, Small and Medium Enterprises (MSME) Sector] Directions, 2016, held, mandatory in nature. Thus, adherence thereto is mandatory, prior to action under the SARFAESI Act\/classification of borrower&#8217;s account, as non-performing assets (NPAs), [<i>Pro Knits<\/i> v. <i>Canara Bank<\/i>, <a href=\"http:\/\/www.scconline.com\/DocumentLink\/694n7okw\" target=\"_blank\">(2024) 10 SCC 292<\/a>]<\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p><i>Bombay Stamp Act, 1958 (60 of 1958) \u2014 Ss. 33, 34, 37, 4(2), 4(1) and Sch. I Art. 25 Expln. I \u2014 Stamp duty on agreement to sell \u2014 Liability to pay under the 1958 Act<\/i><\/p>\n","protected":false},"author":8808,"featured_media":337009,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[5,16],"tags":[13011,76252,31714,76253,29964,12521,76254,63507],"class_list":["post-336993","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-casesreported","category-supremecourtcases","tag-anticipatory-bail","tag-bombay-stamp-act-1958","tag-companies-act-2013","tag-maharashtra-stamp-act-1958","tag-msme","tag-nclt","tag-public-auction-tender","tag-tender-conditions"],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.4 (Yoast SEO v26.4) - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>2024 SCC Vol. 10 Part 2 | SCC Times<\/title>\n<meta name=\"description\" content=\"Bombay Stamp Act, 1958 (60 of 1958) \u2014 Ss. 33, 34, 37, 4(2), 4(1) and Sch. 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Maharashtra&#8217;s Stamp Duty Shake-Up and its Ripple Effect on Arbitration in India","author":"Editor","date":"June 20, 2025","format":false,"excerpt":"by Raj R. Panchmatia* and Peshwan Jehangir**","rel":"","context":"In &quot;Experts Corner&quot;","block_context":{"text":"Experts Corner","link":"https:\/\/www.scconline.com\/blog\/post\/category\/experts_corner\/"},"img":{"alt_text":"Maharashtra stamp duty arbitration","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/shared-image-99.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/shared-image-99.webp?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/shared-image-99.webp?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/06\/shared-image-99.webp?resize=700%2C400&ssl=1 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stamp duty despite application being filed beyond 5 years limitation period","author":"Editor","date":"September 10, 2025","format":false,"excerpt":"\u201cWithout the deed of cancellation, the petitioner could not have sought refund of the stamp duty, and to deny the refund of the stamp duty to the petitioner was wholly unjustified and inequitable.\u201d","rel":"","context":"In &quot;Case Briefs&quot;","block_context":{"text":"Case Briefs","link":"https:\/\/www.scconline.com\/blog\/post\/category\/casebriefs\/"},"img":{"alt_text":"stamp duty refund despite delayed application","src":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/stamp-duty-refund-despite-delayed-application.webp?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/www.scconline.com\/blog\/wp-content\/uploads\/2025\/09\/stamp-duty-refund-despite-delayed-application.webp?resize=350%2C200&ssl=1 1x, 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