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Jun 8, 20244 min read
Financial Creditors and Homebuyers Can Be Treated Differently Under a Resolution Plan
NCLAT upholds NCLT's decision, affirming fair treatment under IBC s.30(2)(b) for dissenting FCs and homebuyers.
Jun 7, 20243 min read
NCLAT Clarifies: Security Deposit Refunds Do Not Qualify as Operational Debt Under IBC
NCLAT ruling: Conditional security deposits can't be claimed as IBC operational debt.
Jun 6, 20244 min read
ITAT Upholds Eligibility of CSR Donations for Tax Deductions under S. 80G of the Income-tax Act
ITAT rules CSR donations qualify for tax relief under Section 80G, affirming procedural fairness and legislative intent.
Jun 6, 20243 min read
Guidelines for Initiation of Recovery Proceedings Before 3 Months from the Date of Service of Demand Order
New CBIC guidelines expedite tax recovery in specific cases to optimize revenue and ensure fairness. Effective from 30.05.2024.
Jun 6, 20243 min read
RBI Releases Framework for Recognizing Self-Regulatory Organizations for FinTech Sector
RBI's new framework supports FinTech innovation while ensuring customer safety, fostering a balance between creativity and risk management.
Jun 6, 20242 min read
Supreme Court Upholds Liberty Against Stringent NDPS Bail Conditions
SC decision frees man after 2 years, highlighting the right to a speedy trial and justice over strict NDPS bail rules.
Jun 3, 20249 min read
A Bank’s Comrade: An Overview of the SARFAESI Act
Empowering banks, the SARFAESI Act enhances debt recovery, ensuring financial stability without court delays.
Jun 3, 202412 min read
Exploring the Intersection of Data Protection & Management in Complex Multiple Forum Litigation: A Tale of Many Cities
Unveiling the critical role of data protection in complex litigation to safeguard privacy and foster trust.
Jun 2, 20247 min read
The FEOA, 2018: A New Frontier in India’s Economic Defense Mechanism
The Fugitive Economic Offenders Act, 2018 (‘FEOA’) represents a pivotal shift in India’s approach to combating economic crimes,...
Jun 1, 20243 min read
Unstamped Agreement Does Not Nullify Operational Debt Claim under the IBC: NCLAT
NCLAT ruling safeguards OCs' rights, affirming unstamped contracts still hold under IBC.
Jun 1, 20243 min read
FERA Provisions Upheld for Pre-FEMA Offences: Conviction Maintained, Sentence Adjusted for Elderly Offender
FERA rules apply retroactively in a key ruling, with sentence adjustments for age considerations.
Jun 1, 20242 min read
GST: Allahabad HC Quashed the Proceedings Due to Procedural Irregularities in Search Authorization
Introduction In the case of Excellentvision Technical Academy (P.) Ltd. v. State of U.P[i]. at the High Court of Allahabad (‘HC’), the...