Business and Finance
Business and Finance
Mon, December 16, 2024
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What factors determine fair alimony? Latest SC ruling on divorce explained
Published on 2024-12-16 01:20:46 - Business Standard
- The Supreme Court's recent ruling in the Rajnesh vs Neha case outlines eight key factors that determine alimony, focusing on financial capacity, standard of living, and the welfare of children.
The Supreme Court of India has recently clarified the factors that determine fair alimony in divorce cases, emphasizing the need for a balanced approach that considers both the financial status of the parties involved and the economic conditions of the country. The court highlighted that alimony should not be punitive but should ensure the dependent spouse can maintain a reasonable standard of living post-divorce. Key considerations include the income and property of both spouses, their respective needs, the duration of the marriage, the age and health of the parties, the standard of living during marriage, and the contributions made by each spouse to the family. The ruling also stressed the importance of not overburdening the paying spouse, suggesting that alimony should be fair and not lead to financial hardship for either party. This decision aims to provide a structured guideline for lower courts to ensure consistency and fairness in alimony awards.
Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/what-factors-determine-fair-alimony-latest-supreme-court-ruling-explained-124121600299_1.html ]
Read the Full Business Standard Article at:
[ https://www.business-standard.com/finance/personal-finance/what-factors-determine-fair-alimony-latest-supreme-court-ruling-explained-124121600299_1.html ]
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