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M/S. Lancer Finance vs The Competent Authority on 20 December, 2024

15. Learned counsel also relied upon the order passed by Calcutta High Court in WPA 11123 OF 2020 decided on 16.04.2021 in DEIFIC ABODE LLP VS. UNION OF INDIA & ORS. and brought to notice of this Court observation made in paragraph No.11, wherein it is held that the effect of the order of 18 stay in a pending appeal before the Apex Court does not amount to 'any declaration of law' but is only binding upon the parties to the said proceedings and at the same time, such interim order does not destroy the binding effect of the judgment of the High Court as a precedent because while granting the interim order, the Apex Court had no occasion to lay down any proposition of law inconsistent with the one declared by the High Court which is impugned. Learned counsel for respondent No.1 referring these judgments would vehemently contend that, if any interim order is granted, the same binds only the parties and not others.
Karnataka High Court Cites 17 - Cited by 0 - H P Sandesh - Full Document

Ct No. 2 vs P.M. Union Of India & Ors on 3 March, 2023

Both the parties jointly submit that the issue of legality of the aforesaid notice is covered in favour of the petitioner, by a judgement of the Hon'ble Supreme Court which was followed by this Court in order dated 30th November, 2022 in WPA 11123 of 2020 (Deific Abode LLP - Vs - Union of India & Ors.) Considering the joint submission of the parties that the issue of legality of the aforesaid notices are covered by the aforesaid order of this Court in favour of the petitioner, this writ petition being WPA 3762 of 2 2023 is disposed of by setting aside the impugned notice under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 and all subsequent proceedings on the basis of the aforesaid notices are also quashed and all legal consequence will automatically follow.
Calcutta High Court (Appellete Side) Cites 2 - Cited by 0 - M Nizamuddin - Full Document

Ct No. 2 vs P.M. Union Of India & Ors on 3 March, 2023

Both the parties jointly submit that the issue of legality of the aforesaid notice is covered in favour of the petitioner, by a judgement of the Hon'ble Supreme Court which was followed by this Court in order dated 30th November, 2022 in WPA 11123 of 2020 (Deific Abode LLP - Vs - Union of India & Ors.) Considering the joint submission of the parties that the issue of legality of the aforesaid notices are covered by the aforesaid order of this Court in favour of the petitioner, this writ petition being WPA 3774 of 2023 is disposed of by setting aside the impugned 2 notice under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 and all subsequent proceedings on the basis of the aforesaid notices are also quashed and all legal consequence will automatically follow.
Calcutta High Court (Appellete Side) Cites 2 - Cited by 0 - M Nizamuddin - Full Document

Ct No. 2 vs P.M. Union Of India & Ors on 3 March, 2023

Both the parties jointly submit that the issue of legality of the aforesaid notice is covered in favour of the petitioner, by a judgement of the Hon'ble Supreme Court which was followed by this Court in order dated 30th November, 2022 in WPA 11123 of 2020 (Deific Abode LLP - Vs - Union of India & Ors.) Considering the joint submission of the parties that the issue of legality of the aforesaid notices are covered by the aforesaid order of this Court in favour of the petitioner, this writ petition being WPA 3770 of 2 2023 is disposed of by setting aside the impugned notice under Section 24(1) of the Prohibition of Benami Property Transactions Act, 1988 and all subsequent proceedings on the basis of the aforesaid notices are also quashed and all legal consequence will automatically follow.
Calcutta High Court (Appellete Side) Cites 2 - Cited by 0 - M Nizamuddin - Full Document
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