CiteTEXT
...therefore allowed the petitioner to furnish the immovable property as the security particularly in the aftermath of the pandemic. Future Market Networks Limited v. Laxmipat Surana...simpliciter and not for unconditional stay of the award.28. The judgment in Nitu Shaw v. Bharat Hitech (Cements) Private Limited in AP 82 of 2021 was passed...whether 10,000 MTs of Met Coke was sold by Munisubrata to Balaji was to be decided on trial. The Division Bench gave a limited protection to the award-holder Munisubrata only on the prima facie basis of...
...&B Code, 2016 In the matter of:
Central Bank of India
[PAN-AAACC2498P] …Financial Creditor V/s
Future Market Networks Limited ...Market Networks Limited
[Corporate Guarantor to Borrower, Unique Malls Private Limited]
[CIN: L45400MH2008PLC179914]
...Corporate Debtor/Respondent A...) for initiating Corporate Insolvency Resolution Process (CIRP) in the case of Future Market networks Limited, Corporate Debtor.
1.1. The financial creditor has claimed a...
...&B Code, 2016 In the matter of:
Central Bank of India
[PAN-AAACC2498P] …Financial Creditor V/s
Future Market Networks Limited ...Market Networks Limited
[Corporate Guarantor to Borrower, Unique Malls Private Limited]
[CIN: L45400MH2008PLC179914]
...Corporate Debtor/Respondent A...) for initiating Corporate Insolvency Resolution Process (CIRP) in the case of Future Market networks Limited, Corporate Debtor.
1.1. The financial creditor has claimed a...
...
classifi -cation
No. of Exh.
Future Market Networks Limited Vs. Hero Fin Corp Ltd.
...
Future Market Networks Ltd. … Applicant Versus
Hero Fin Corp Ltd. … Defendant Mr Puneet Gogad i/b M/s. ALMT Legal - Advocates for the applicant . Mr Sanjeev...Singh (through video-conferencing) , Mr Rupak Sawangikar i/b M/s. V. Deshpande & Co. - Advocates for defendant. Shri Deepak M. Thakkar
Presiding Officer,
1...
...Bapubhai Ratanchand Shah v. State of Bombay (1955) 57 Bom LR 892. The argument was that Vakhar Bagh had necessarily to be declared as a principal market yard since there...O. Chinnappa Reddy, J.— Reluctant traders, unwilling to move their places of business into the markets or market yards, as they are differently called in the States of...Maharashtra, Bihar and Karnataka, set up by respective market committees under various State Agricultural Produce Marketing Acts, offer their resistance through these writ petitions and civil appeals. We...
...compensation at the highest rate of Rs 15,500 and gradually reduced the market value basing upon the classification. On reference under Section 18, the District Judge by his award and decree dated 22-5....4. As seen, the High Court proceeded on the premise that the classification of the lands was not warranted, the entire land commands same value and that, therefore, uniform rate of market...value is required to be adopted in determining the compensation. The High Court had accepted the sale deed relied on by the LAO and on that basis it increased the market value by five times, holding that...
...limited participation in the tenders for power cables floated by the customers of power cables, in India. In view of the insignificant presence of the Acquirer in any segment of power cables market in...VISCAS Corporation (VISCAS or Acquirer).
2. The said notice was given pursuant to the Share Subscription Agreement (SSA) executed between VISCAS and Sterlite Technologies Limited...series of inter- connected steps i.e. (a) Sterlite will incorporate a private limited company as its wholly-owned subsidiary (Target), (b) Sterlite will transfer its power cable manufacturing facility...
..., and if necessary even culverts and bridges may be constructed, or repaired out of the market committee fund. Such an expenditure within the limited limit will be with the object of facilitating the...Constitution remains distinct and limited in contrast to tax such expenditure out of the market fee cannot be countenanced in law. The first part of clause (xiii) may be justified in the sense of...) and (xvi). At the same time we hold that the Marketing Development Fund constituted out of the market fees cannot be expended for the purposes mentioned in second part of clause (v), clauses (x), (xi...
..., Periyar and Pareekanni Rubbers Ltd. v. State of Kerala (1991) 4 SCC 195. Therefore, it is settled law that in determining the market value, the Court has to take into ...Valuation Register cannot be relied on to determine the market value. It would appear that in Govt. of A.P v. Sohan Lal (1988) 2 Andh LT...determine the market value. This Court in Gulzara Singh v. State of Punjab (1993) 4 SCC 245 held that mutation entries of the land...
...essential part of any ordered plan of agricultural development in this country. The Bombay Act is, however, definitely limited to cotton markets and the bulk of the transactions in Berar market is also in...thereby that after the pronouncement of this judgment all future transactions of purchase of sugarcane by the sugar factories concerned in the market areas as well as the sale of manufactured sugar and...of the levy of market fee under the provisions of the Bihar Agricultural Produce Markets Act, 1960 (hereinafter referred to as “the Market Act” for short). The grievance made by the appellant writ...
...the date envisaged under Section 4(1) of the LA Act, of becoming available for better use in the immediate or near future, is regarded as its potentiality. It is for this reason that the market value of...used for putting up buildings in the immediate or near future, such conclusion would be sufficient to hold that the acquired land had a building potentiality and proceed to determine its market value...apart from the statutory benefits which he was entitled to get under the LA Act. The LAO, by his award made under Section 11 of the LA Act, determined the market value of the claimant's acquired land...
...in prices affecting the very standard of increase.16. Much more unsafe is the recent trend to determine the market value of acquired lands with reference to future sale...preliminary notification), the statistics relating to sales/acquisitions in future, say of the years 1994-1995 or 1995-1996 are taken as the base price and the market value in 1992 is worked back by.... Therefore, if the percentage to be added with reference to previous acquisitions/sale transactions is 10% per annum, the percentage to be deducted to arrive at a market value with reference to future...
...1978) — Levy of feels under, held, not limited to only transactions in which the seller is producer or purchaser of the agricultural produce
(Paras 9 and 34)
K.N Marudaradhya v...or licensees cannot be allowed to set up and carry on business in the whole of the market area
(Para 10)
Kewal Krishan Puri v...of law and decide them as far as practicable so that in future the business of the market committees may be conducted in the light of this judgment leaving no scope for unnecessary litigation. Of...
...Immedisetti Ramkrishnaiah Sons v. State of A.P AIR 1976 AP 193, ILR 1976 AP 878, the nature of the duties of a Market Committee was..., AIR 1980 SC 1008 that so long as the concept of fee remains distinct and limited in contrast to tax, such expenditure of the amounts recovered by the levy of a market fee cannot be countenanced in...those similarly placed have been litigating and impeding the levy and collection of market fee by the Market Committees constituted under the Punjab Agricultural Produce Markets Act. Some times they have...
...only when the city network becomes a common carrier or contract carrier.5.2. While the city networks get market exclusivity for 3/5 years, they get infrastructure exclusivity...Court of Delhi in Indraprastha Gas Ltd. v. Petroleum and Natural Gas Regulatory Board 2012 SCC OnLine...Natural Gas Distribution Networks and Compression Charge for CNG) Regulations, 2008 (hereinafter referred to as “the Regulations”) as far as it is construed to empower the Board to fix the tariff is...
...Bhule Ram v. Union of India by which the High Court has assessed the market value of the land @ Rs 6,51,000 per acre modifying the award under Section 18 of the Land...lead any evidence in support of his claim to prove the inadequacy of market value fixed of the land acquired, the court cannot help him. (See also Jawajee Nagnatham v. Revenue Divl...limitation prescribed in certain exceptional circumstances under Section 23 of the Act. A guesswork, though allowed, is permissible only to a limited extent. The market value of the land is to be...
...along with claim Form-B, it was found that the claim was not against the Corporate Debtor but against Future Market Networks Limited which is a different entity. Thereafter, an email dated 30.10.2022...Future Market Networks Limited with the result that the claim could not be verified by the Respondent/Resolution Professional. The other averments made in the application have been denied as wrong and...Private Limited and Future Market Networks Limited are part of the
3
same group and only an artificial divide has been...
...purposes of the market and for convenience or safety of the persons using the market yard;(iv) the maintenance of standard weights and measures;(v...limited controversy before us is whether the finding of the High Court that the levy of the market fees is not justified because there is no direct or indirect benefit conferred by the market committee...render such service in the market which may be in the general interest of all concerned with the transactions taking place in the market.(v) That spending the amount of...
...of Haryana v. Gurcharan Singh 1995 Supp (2) SCC 637 wherein this Court has held that under no circumstances, the multiplier should be more than 8 years when the market value is...future benefits to capital value.8. It is settled law that in evaluating the market value of the acquired property, namely, land and building or the land with fruit-bearing...rendered by this Court in Gurcharan Singh case 1995 Supp (2) SCC 637 it has been held that in a catena of decisions rendered by this Court when the market value is determined on the basis...
.... The statutory presumption is thus of a limited character. Since it relates to the levy of market fee and is fiscal in nature, it has to be strictly construed in the sense that any circumstance...has been weighed or measured or counted or when it is taken out of the notified market area. Thus while the Act limited the presumption to only one factor, namely, moving the notified agricultural...purchased. Otherwise, there would be no occasion to move such commodity out of the notified market area. The legal fiction was thus limited to the “moving” of the commodity from within the market area...