Business, Banking & Tax blog
Plain-language explanations of Supreme Court of India judgments tagged Business, Banking & Tax on NyaSis.
Business & Tax
Can You Sue a Doctor in Consumer Court?
Yes. In IMA v. V.P. Shantha (1995), paid medical services are 'service' under the Consumer Protection Act; patients can sue doctors for negligence.
9 min read
Business & Tax
Can a Non-Executive Director Face Cheque Bounce?
Can a non-executive director be named in a Section 138 case? S.M.S. Pharmaceuticals Ltd. v. Neeta Bhalla (2005) holds that mere office is not enough.
10 min read
Business & Tax
Can an Employer Enforce a Non-Compete Clause?
Can a company bar you from a rival after resigning? Percept D'Mark v. Zaheer Khan (2006): post-term restraint is prima facie void under Section 27.
12 min read
Business & Tax
Can Bank Recovery Agents Seize Your Vehicle?
Can a bank send goons to snatch your vehicle? In ICICI Bank v. Prakash Kaur (2007), the Supreme Court deprecated muscleman recovery by lawful process.
10 min read
Business & Tax
Does a Full-and-Final Settlement Bar Arbitration?
Forced to sign a full-and-final voucher? In National Insurance Co. v. Boghara Polyfab (2008), the Supreme Court says arbitration can still be invoked.
14 min read
Business & Tax
Can the Tax Department Reopen Old Returns?
Can income tax reopen your old return years later? In CIT v. Kelvinator (2010), the Supreme Court requires tangible material, not a change of opinion.
9 min read
Business & Tax
Which Court Hears a Cheque Bounce Case?
Should a Section 138 cheque bounce complaint be filed at your bank or the drawer's? Bridgestone India v. Inderpal Singh (2015) fixes the court city.
11 min read
Business & Tax
Can an Unpaid Vendor Use the IBC to Recover Dues?
Can an unpaid vendor use the IBC against a solvent company? Mobilox v Kirusa (2017): a genuine dispute compels NCLT to reject Section 9 applications.
8 min read
Business & Tax
Can a Cheque Bounce Case Close Without Consent?
Accused ready to pay but complainant refuses? Meters and Instruments v. Kanchan Mehta (2017) lets a court close a Section 138 case after full payment.
11 min read
Business & Tax
Can One Party Appoint the Sole Arbitrator?
Can one side handpick the sole arbitrator under the Arbitration Act? In Perkins Eastman Architects DPC v HSCC (India) Ltd (2019), Supreme Court says no.
10 min read
Business & Tax
Can an Insurer Reject a Theft Claim Over Delay?
Worried your insurer rejected a vehicle-theft claim over delay? In Gurshinder Singh v. Shriram General Insurance (2020), an immediate FIR can save it.
9 min read
Business & Tax
Is a Bounced Security Cheque Punishable?
A security cheque for a business loan bounces. Can the drawer be prosecuted under Section 138? Supreme Court rules in Sripati Singh v. State of Jharkhand.
10 min read
Business & Tax
Can Insurers Deny Pre-Existing Disease Claims?
Can an insurer reject your hospital bill as a pre-existing disease? Manmohan Nanda v. United India Assurance Co. Ltd. (2021) says no if disclosed.
10 min read
Business & Tax
Can a Personal Guarantor Face Insolvency First?
Can a personal guarantee land you in insolvency court? Lalit Kumar Jain v. Union of India (2021) says yes; a company plan does not erase that liability.
9 min read
Business & Tax
Can a Bank Declare Fraud Without Hearing You?
Bank tagged your account fraud? In State Bank of India v. Rajesh Agarwal (2023), SC says banks must give a notice, audit report, and hearing first.
12 min read
Business & Tax
Can GST Officers Arrest You During a Raid?
Afraid of arrest or forced payment in a raid? Radhika Agarwal v. Union of India (2025) requires written reasons to believe; coercion to pay is illegal.
11 min read