AI Overview...
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ICICI Bank Ltd. in Legal Cases - The bank has been involved in multiple legal proceedings, including the case I-Pay Clearing Services Private Ltd. v. ICICI Bank Ltd. (2022), where issues related to arbitration and contractual disputes were discussed. The Supreme Court referenced Section 34(4) of the Arbitration Act, aligning it with UNCITRAL Model Law provisions, indicating that arbitration awards can be set aside under specific circumstances when errors are made by the tribunal. Union of India, Represented By Deputy Chief Engineer (Con), East Cost Railway, Bhubaneswar VS B. B. Senapati - Orissa
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Bank's Role in Commercial Transactions - ICICI Bank is frequently involved in commercial transactions, such as holding accounts for companies and facilitating sales schemes. For example, a company sold goods requiring customers to deposit funds into ICICI Bank accounts, highlighting the bank's role in financial facilitation for business operations. All India Networks Welfare Trust VS Superintendent of Police - Orissa
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Legal Precedents and Judgments - The bank has been cited in judgments concerning contractual and financial disputes, including references to Supreme Court decisions like ICICI Bank Ltd. v. SIDCO Leathers Ltd., which influence the interpretation of contractual obligations and bank's liabilities in insolvency and recovery cases. M/S ARYAN MINING AND TRADING CORPORATION PVT.LTD. Vs STATE OF ODISHA - Orissa
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Bank's Involvement in Scheme and Settlement Processes - ICICI Bank's role extends to schemes like VRS (Voluntary Retirement Scheme) and settlement processes involving financial institutions, emphasizing its participation in restructuring and employee benefit schemes. U. P. CEMENT CORPORATION LTD. VS STATE OF ALLAHABAD - Allahabad
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Judicial Considerations - Courts have considered ICICI Bank’s actions and decisions in various cases, including lease disputes and contractual obligations, often citing precedents set by the Supreme Court to determine the legal standing and liabilities of the bank in different contexts. KHATAU NARBHERAM AND CO. Vs STATE OF ODISHA - Orissa
Analysis and Conclusion: ICICI Bank Ltd. features prominently in legal disputes relating to arbitration, contractual obligations, and commercial transactions. The Supreme Court’s references to relevant laws and previous judgments underscore the importance of legal compliance and proper conduct in banking operations. The bank’s involvement in schemes and recovery processes illustrates its integral role in financial and commercial frameworks, with judicial decisions shaping its liabilities and responsibilities.
Search Results for "I Pay Clearing Services Private Ltd Vrs Icici Bank Ltd"
2024 0 Supreme(Ori) 62 • India - Orissa
D. DASH
It has been held in case of I-Pay Clearing Services Private Ltd. Vrs. ... ICICI Bank Ltd., 2022 (I) Live Law, (SC) 2 that:- It is true that Section 34(4) of the Act is couched in a language, similar to Article 34(4) of the UNCITRAL Model Law on International Commercial Arbitration. In the case of AKN & Anr. v. ... Ltd. v. ... When the Tribunal has erroneously accepted the stand of the Appellant that it has not rece....
2012 0 Supreme(Ori) 356 • India - Orissa
V.GOPALA GOWDA, B.N.MAHAPATRA
Ltd. through opposite party-Banks, i.e., ICICI Bank, Axis Bank, HDFC Bank, YES Bank and IDBI Bank (opposite parties 2 to 6). Petitioner No.2 is the President of petitioner No.1-Trust. ... As per the policy, the Company has been selling the Suit length to the people at large for which, a purchaser is required to deposit necessary value of the suit length in the Bank account maintained by the Company with ICICI Bank ....
2003 0 Supreme(Mad) 1463 • India - Madras
P.D.DINAKARAN
Murali, appearing for respondents 6 and 28, viz., ICICI Bank and Federal Bank Ltd., respectively, invited my attention to the counter-affidavit filed on behalf of respondents 6 and 28. ... ... Federal Bank Ltd. ... products) at Armenian Street, Chennai, Handloom, Power Loom and Woolen products and Hosiery at Armenian Street, Chennai, besides acting as shipping, stevedoring and clearing and forwarding agent at Visakhapatnam, Chennai, Quilon and Mangalore. ... Besides ....
2002 0 Supreme(All) 277 • India - Allahabad
SUNIL AMBWANI
Under a Scheme known as Gujarat Module, for VRS the employees are getting 45 days wages of each year on completed service of balance period (in terms of months) whichever is lower. A copy of VRS scheme as introduced in UPSMDC has been enclosed to the supplementary affidavit. ... First part of bid would contain an Unconditional Acceptance clearing the outstanding workers retrenchment benefits to all the workers and the one time settlement dues for financial institutions and B. The amount expected for this is Rupees One Hu....
• India - Orissa High Court
MR. JUSTICE MOHAMMAD RAFIQ(CJ),MR. JUSTICE BISWANATH RATH
Parties Jagat Janani Services Pvt. Ltd. ... Learned Senior Advocate has drawn attention of the Court to the decision of the Supreme Court in Chowgule and Company Private Ltd. Vrs. ... Relying on judgment of the Supreme Court in the case of ICICI Bank Ltd. v. SIDCO Leathers Ltd. ... Jagat Janani Services Pvt. Ltd. is the new lessee. Both the intervenors have contested the writ pet....
• India - Orissa High Court
MR. JUSTICE MOHAMMAD RAFIQ(CJ),MR. JUSTICE BISWANATH RATH
Parties Jagat Janani Services Pvt. Ltd. ... Learned Senior Advocate has drawn attention of the Court to the decision of the Supreme Court in Chowgule and Company Private Ltd. Vrs. ... Relying on judgment of the Supreme Court in the case of ICICI Bank Ltd. v. SIDCO Leathers Ltd. ... Jagat Janani Services Pvt. Ltd. is the new lessee. Both the intervenors have contested the writ pet....
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