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ANIL KSHETARPAL
Dhir & Dhir Asset Reconstruction & Securitization Company Ltd. – Appellant
Versus
Converntry Coil-O-Matic Ltd. – Respondent
JUDGMENT
Mr. Anil Kshetarpal, J.
While requesting to issue a writ in the nature of certiorari, the petitioner inter-alia prays for setting aside the order dated 10.03.2016 passed by the Commissioner, Gurugram, in the exercise of appellate jurisdiction under the Indian STAMP ACT , 1899 (hereinafter referred to as 'the 1899 Act').
2. After having heard the learned counsels representing the parties at length, the following question requires adjudication:-
3. In order to comprehend the issues involved in the present case, the following relevant facts, in brief, are required to be noticed:-
The main legal point established in the judgment is that the stamp duty payable for the assignment of non-performing assets should be based on the consideration paid by the petitioner, and not on the....
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In Court-ordered sales, stamp duty applies only to the sale consideration, not to market value, as established by the Transfer of Property Act.
Once a single instrument has been charged under a correct charging provision of Statute, Revenue cannot split instrument into two, because of reduction in stamp duty facilitated by a notification of ....
The assignment of debt under the SARFAESI Act is valid even if the document is inadequately stamped, as registered documents are presumed adequately stamped.
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