ignore certain transfers it does not void
it. The further spin-off adroitly presented by counsel is
that the provision violates the second proviso
crores in that behalf. Taking account of this substantial spin-off, doctrine of
promissory estoppel should be attracted in this case and in that view
The Goa Foundation vs M/S Sesa Sterlite Ltd. And Ors. on 7 February, 2018
also
revealed that the respondents had entered into a spin-off agreement vide
Deed of Assignment dated 30.03.1998, whereby M/s Fiat India Ltd. would
kinds of bonus and cannot,
therefore, be said to have the spin-off benefits claimed by
the appellant. Similarly, the submission that all agreements
inconsistent
Takeover Regulations
1997 lays down a derivative or spin-off rule of interpretation, and
even when the presumption under sub-clause (2) arises, the
adjudicator
original
pleadings cannot be sought to be got rid off.
22. In M/s Modi Spinning & Weaving Mills Co. Ltd. &
Another v. Ladha
off from the first
shift of April 14, 1975, till further notice. The lay off
was in the departments of spinning, weaving, grey folding ... workers employed in spinning and
weaving departments including their preparatories
and partly engineering department have been laid
off with effect from 14-4-75. These
Delhi(1) held
that depreciation on buildings and machinery
can be set off against gains and profits
accrued to the owner of those buildings ... off depreciation against
the other income of the members of the firm
under s. 24 of the Income Tax Act . In
Laxmichand Jaipuria Spinning
Mayurbhanj Spinning and Weaving Mills including plant
and machinery and land measuring Ac. 419.14,. The 1st
Respondent then proposed to sell off the Mill