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Taliban have no authority to decide cases in Pakistan: SC

Rejects as unlawful militant outfit’s ‘agreement’ presented in land dispute case.

 0 Coming down heavily on HDFC Bank Ltd for violating its orders, market regulator Securities and Exchange Board of India (SEBI) has asked the lender to deposit Rs158.68 crore along with interest in an escrow account and pay a penalty of Rs1 crore. SEBI found HDFC Bank violated its interim order and unilaterally invoked securities pledged by BRH Wealth Kreators Ltd (BRH) (formerly BMA Wealth Creators Ltd) and BRH Commodities Private Ltd (formerly BMA Commodities Pvt Ltd), worth Rs158.68 crore.   In the order, G Mahalingam, whole time member (WTM) of SEBI says, "Given the unilateral action o...

Introduction There are several ways in which parties can discharge their contractual obligations. For example, the doctrine of accord and satisfaction allows parties to discharge their contractual obligations by performing certain modified obligations or by novating or rescinding the existing contract.(1) In other words, a liability arising out of a breach of contract can be discharged by a new agreement (an 'accord'), wherein the parties mutually agree a new consideration, forfeiting their right of action against their previous contractual obligations.(2) The 'satisfaction' is the discharge ...

To print this article, all you need is to be registered or login on Mondaq.com. COVID-19, a pandemic is an unprecedented crisis which has spread across 209 countries and territories around the world. The Indian market has also suffered due to the pandemic and the lockdown enforced by the government to contain the pandemic. Due to lockdown imposed by the Central Government on March 24, 2020, businesses in India have faced huge losses. One of the markets which was also impacted by the pandemic is the real estate market for leasing commercial spaces. Due to the pandemic t...