Meaning and Legal Concept A Lease is a legal agreement by which the owner of immovable property (lessor) grants the possession of the property to […]
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5. Industry.
Meaning and Concept of Industry The term Industry is a foundational concept under Indian Labour Law and is defined under Section 2(j) of the Industrial […]
12. Locus standi
Meaning and Concept of Locus Standi Locus standi is a core legal principle that decides who has the right to approach a court for relief. […]
13. Mortgage
Meaning and Legal Concept A Mortgage is a legal instrument by which the owner of immovable property transfers an interest in that property to another […]
A decision given by a High Court is reversed by the Supreme Court in an appeal. Is the decision given by the High Court still binding on lower courts?
Facts of the Case A High Court delivered a judgment deciding a particular question of law. Subsequently, an appeal was filed before the Supreme Court. […]
11. Pecuniary bias
Concept and Meaning of Pecuniary Bias Pecuniary bias arises when a judicial, quasi-judicial, or administrative authority has a financial interest in a case outcome. This […]
4. Lay off.
Meaning and Concept of Lay-off Lay-off refers to the failure, refusal, or inability of an employer to provide employment to a workman whose name is […]
4. An offer by ‘A’ Co. Ltd. to purchase the whole of the issued share capital of B Co. Ltd. has been accepted by the holders of 9/10th of the shares, What further steps can be taken by ‘A’ Co. Ltd. to acquire the holdings of the dissenting shareholders.
Facts of the Case A Co. Ltd. made an offer to acquire the entire issued share capital of B Co. Ltd. The offer was communicated […]
12. Vested Interest
Meaning and Legal Concept Vested Interest refers to an interest in property that is fixed, present, and transferable, even though the enjoyment of the property […]
10. Procedural Ultra Vires
Procedural Ultra Vires – Meaning and Concept Procedural ultra vires arises when an administrative or statutory authority exercises its power without following the procedure prescribed […]