It has the discretion to adjudicate disputes by itself or send it to an arbitrator. The use of 'and' posed such a difficulty for the Supreme Court in a recent case and it ruled that 'and' is an equivalent of 'or' in a clause in the Electricity Act and 'or' could mean 'and' in some cases. The judges traversed the English decisions and the Mimamsa principles in Sanskrit texts to harmonise provisions in the Electricity Act and the Arbitration & Conciliation Act.
Unless the law specifies, top executives are not liable for the fault of their employees.
Political heavyweights may be still recovering from the tectonic changes brought about by the Delimitation Commission headed by Justice Kuldip Singh after about six years' labour, but to those who have watched this barrister who came from Chandigarh to be elevated almost immediately to the bench of the Supreme Court in 1988, it was not a surprise.
The Supreme Court has tightened the rule against the drawers of cheques which are dishonoured for want of sufficient balance in the bank account.
Though there are several laws enabling banks and financial institutions to recover bad loans, the ingenuity of the debtors have always surpassed those of the legislators and the creditors.
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