By: Ashok Kini 11 May 2019 8:33 AM GMT One Sided Clauses In Builder-Buyer Agreements Is An Unfair Trade Practice Pioneer Urban Land & Infrastructure Ltd. V. Govindan Raghavan The Supreme Court held that the incorporation of one-sided clauses in a builder-buyer agreement constitutes an unfair trade practice as per Section 2 (r) of the Consumer Protection Act, 1986. The bench comprising Justice UU Lalit and Justice Indu Malhotra also observed that a builder could not seek to bind a flat buyer with one-sided contractual terms.Employee Not Entitled To Full Back Wages On Acquittal, Unless His Prosecution Was Found Malicious Raj Narain V. Union of India The Supreme Court held that the employer cannot be mulcted with full back wages on the acquittal of an employee by a criminal Court, unless it is found that the prosecution is malicious.SC Strikes Down RBI Circular Asking Banks To Take Defaulting Companies To Insolvency Dharani Sugars &Chemicals Ltd. V. Union of India The Supreme Court struck down the circular issued by the Reserve Bank of India on February 12, 2018 directing banks to initiate insolvency proceedings against companies having bad debts of Rs 2000 crores or above.Authorization From Central Govt Necessary For RBI… Read full this story
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