Search
May 2, 20243 min read
Delhi HC Clarifies the Bounds of Vicarious Liability under the Negotiable Instruments Act, 1881
DHC's ruling reinforces clear distinctions in corporate liabilities, stressing precise legal pleadings for vicarious claims.
May 1, 20243 min read
Supreme Court Defines 'Court' in Arbitration Law: Implications for S. 29A of the A&C Act, 1996
SC clarifies 'Court' under S. 29A of the A&C Act, distinguishing roles of PCC and HC in arbitration to align with legislative intent.
Apr 30, 20243 min read
Supreme Court Rules: Registration Alone is Not Enough for a Valid Hindu Marriage, Ceremonies are Essential
SC rules: Marriage registration isn’t valid without ceremonies. Solemnization is key to a true Hindu marriage under the law.
Apr 30, 20243 min read
Adherence to Procedural Timelines: Tribunal upholds ED’s Provisional Attachment
Tribunal upholds ED's asset attachment, emphasizing strict adherence to procedural timelines in money laundering cases.
Apr 30, 20243 min read
Legislation by Incorporation v. Legislation by Reference: Supreme Court Explains the Jurisdiction of Special Courts
SC rules on Special Courts' jurisdiction, outlining key distinctions in legislative incorporation and reference.
Apr 30, 20243 min read
Customs v. IBC: Who controls confiscated assets?
NCLAT rules on asset control in insolvency, balancing customs authority and IBC mandates.
Apr 29, 20243 min read
Bank’s Oversight: Supreme Court Upholds Procedural Compliance in Auction Sales under the SARFAESI Act
SC affirms the need for strict procedural compliance in bank auctions, reinstates tenants, and mandates interest on returns.
Apr 29, 20244 min read
Interim Moratorium Does Not Commence If Application Is Filed Before a Forum Devoid of Jurisdiction
Discover how a jurisdiction error impacted a case on interim moratoriums, setting a significant legal precedent.
Apr 27, 20242 min read
Bombay High Court Prohibits Issuance of S. 148 Tax Notices Following Approval of Corporate Resolution Plans
Bombay HC declares S. 148 notices void post-resolution, ensuring clean slates for companies under new management.
Apr 27, 20243 min read
Understanding the Legal Importance of Notes of Accounts in Financial Statements
Supreme Court rules: Omitting notes from balance sheets can disqualify bidders—key for legal compliance!
Apr 25, 20243 min read
Cross-Empowerment under GST: Madras High Court Examines Jurisdictional Boundaries
Madras HC clarifies GST cross-empowerment: Central vs State tax authority jurisdiction reaffirmed for procedural clarity.
Apr 24, 20245 min read
[Supreme Court] Unfounded Conclusions or Awards That Disregard Evidence Are Legally Flawed and Can Be Challenged on Grounds of Patent Illegality
SC uses inherent powers to correct perverse arbitral awards in DMRC vs. DAMEPL, emphasizing the significance of patent illegality.
Apr 22, 20242 min read
Rajasthan High Court Clarifies Limitation Period under Section 263 of the Income-tax Act, 1961
The Rajasthan High Court ruled that the limitation period for Section 263 revision should be calculated from the original assessment date.
Apr 22, 20243 min read
NCLT Proceedings Prevail Over Enforcement Directorate Proceedings
Kerala HC ruling emphasizes IBC's authority over PMLA, allowing asset liquidation to proceed balancing legal and creditor interests.
Apr 20, 20242 min read
Beyond the Guidelines: Delhi High Court Upholds Statutory Provisions in Compounding Applications
Delhi HC: Admin guidelines can't override statutes in compounding applications, ensuring fair balance in Earthcon Constructions case.
Apr 20, 20243 min read
Delhi High Court Rules on the Effect of Acquittal in Money Laundering Cases
DHC verdict impacts future money laundering cases, highlighting key legal precedents.
Apr 19, 20244 min read
Defining SARFAESI Boundaries: Supreme Court’s Directives on High Court’s Intervention under Writ Jurisdiction
SC clarifies when HCs should step in under Article 226, emphasizing strict adherence to SARFAESI processes and remedies.
Apr 18, 20243 min read
Cannot Initiate CIRP When a Pre-existing Dispute Exists: NCLAT
Introduction In a judgment titled Akbar Travels of India Pvt. Ltd. v. Ritco Travels & Travels Pvt Ltd[i], the National Company Law...
Apr 18, 20243 min read
Supreme Court Clarifies: Conspiracy & Scheduled Offence under Section 120B IPC in the Context of the PMLA
SC rules on PMLA, stating no proceeds of crime without a scheduled offence, safeguarding against misuse.
Apr 18, 20243 min read
Addendum Acting Retrospectively May Be Valid if it Clarifies The Relationship between the Parties – ITAT Delhi
ITAT Delhi validates retrospective addendum, ensuring consistent contractual intents are upheld in transfer pricing cases.