Question
Which principle has been discussed in the case of M.S.M
Sharma Vs. Shri Krishna Sinha 1960.Solution
M.S.M Sarma v. Sri Krishna Sinha AIR 1960 SC 1186 Â In this case court has discussed the principle underlying s.11 that is res judicata. The present section bars the trial of a suit or an issue in which the matter directly and substantially in issue has already been adjudicated upon in a previous suit. Moreover, public policy requires that there should be an end of litigation. The question whether the decision is correct or erroneous has no bearing on the question whether it operates or does not operate as res judicata otherwise every decision would be impugned as erroneous and there would be no finality.
An insurer faces a probable liability of ₹25 lakh from a pending court case related to motor insurance. As per Ind-AS 37, how should the liability be ...
The fundamental accounting equation, Assets = Liabilities + Equity, can be alternatively expressed as:
Which of the following categories of inventory are generally reported by companies in their financial statements?
Which of the following is the correct full form of REIT?
After providing for ___________, Declaration of Dividends for the current year is made.
If a company uses LIFO inventory method in falling price environment (prices decreasing), then:
Under Ind AS 2, when net realisable value (NRV) of inventory falls below cost, accounting treatment is:
Which of the following is not an accounting equation?
As per revised RBI guidelines, what is the maximum annual household income for borrowers eligible under microfinance loans?
Which act primarily governs the field of general insurance in India?
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