Introduction
On 9 February 2021 the Maharashtra governor promulgated the Maharashtra Stamp (Amendment and Validation) Ordinance 2021 with immediate effect. The ordinance introduced two key amendments to the Maharashtra Stamp Act 1958 concerning:
the stamping of documents that encompass multiple transactions; and
stamp duty rates for agreements that relate to:
the creation of a mortgage by deposit of title deeds; and
mortgage deeds.
Stamping of instruments relating to several distinct matters or transactions
Section 5 of the Maharashtra Stamp Act, which deals with the stamping of various instruments that relate to several distinct matters, has been amended retrospectively with effect from 11 August 2015. The section now includes instruments that relate to not only distinct matters but also distinct transactions.
SC asks Telangana Infra Corp to refund Rs165 cr with interest to Unitech
IANS
0
The Supreme Court on Wednesday directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crore with interest to cash-strapped real estate firm Unitech, in connection with development of an integrated township project in Ranga Reddy district.
A bench comprising Justices D.Y. Chandrachud and M.R. Shah said: Unitech shall be entitled to a refund of an amount of Rs 165 crore together with interest at the SBI-PLR commencing from the respective dates of payment, computed in accordance with the provisions of the Development Agreement (except for compounding).
The Supreme Court on Wednesday directed the Telangana State Industrial Infrastructure Corporation (TSIIC) to refund Rs 165 crore with interest to cash-strapped real estate firm Unitech, in connection with development of an integrated township .