A contract of personal service cannot be specifically enforced in a civil suit. Case List Jitendra Nath Biswas vs. M/s. Empire of India and Ceylon Tea Co. and Anr., 1989, Supreme Court, (1989) 3 SCC 582; Pearlite Liners Pvt. Ltd. vs. Manorama Sirsi, 2004, Supreme Court; (2004) 3 SCC 172; Apollo Tyres Ltd. vs. C.P. Sebastian, 2009,…
Find out what liabilities you can still incur as an acquirer of a company in respect of payment of provident fund dues even though the agreement explicitly excludes any liability on part of the transferee company. The judgment highlights the importance of due diligence regarding employment related liabilities prior to acquisition of one company by another.
One of the most underestimated factors which often might even turn out be a deal breaker in any M&A transaction or Asset Purchase is Employee Transfer. Find out what employment transfer strategy can make your deal go smooth.