The Delhi High Court has annulled an arbitral award against Oravel Stays (OYO) in a dispute with Zostel over a 2015 acquisition deal. The ruling highlights the necessity for formal agreements in business transactions, emphasizing that non-binding term sheets may not ensure enforceability in legal proceedings. Final order details are pending.
According to the complaint, Karnail Singh falsely claimed that the Enforcement Directorate (ED) had recovered 37 kilograms of gold from Jain’s house and that he owned 1,100 acres of land. NEW DELHI: On Saturday, Delhi’s Rouse Avenue Court ruled on the questions of jurisdiction and maintainability in the defamation case filed by former Delhi Minister […]
Today (1st April): The Income Tax Department has assured the Supreme Court that it will not take coercive action against the Congress party until July 2024, considering the Lok Sabha elections. This decision follows the Congress party’s claim of approximately Rs 3500 crore demand by the Income Tax Department, with no intention to recover Rs 1700 crore before the polls.