Search
Mar 16, 20243 min read
Boardroom Battles: An Analysis of NCLT’s Dismissal in the Om Shiv Shakti Corporate Dispute
Exploring the NCLT's ruling on no mismanagement in selling less-valued land due to urgent financial needs & market conditions.
Mar 14, 20243 min read
Supreme Court Reiterates: No Withdrawal is Permitted for Resolution Plans Once Approved by the Committee of Creditors
SC enforces strict adherence to CoC-approved Plans, barring unilateral withdrawals except in cases of fraud.
Mar 13, 20243 min read
Balancing the Scales: How Anticipatory Bail Shapes Economic Justice in GST Fraud Cases
Anshul Goyal v. State of UP:AHC denies anticipatory bail in a major GST fraud case, emphasizing the legal gravity & public interest at stake
Mar 11, 20244 min read
Bombay High Court Clarifies the Interplay between IBC and PMLA in Asset Release Post CIRP
Introduction In a landmark ruling, the Hon’ble Bombay High Court ( ‘HC’ ) addressed a pivotal issue concerning the interplay between the...
Mar 11, 20244 min read
Transparency Upheld: Bombay HC lays down Guidelines in Wilful Default Declarations
Introduction This case, Milind Patel v. Union of India,[i] pertains to a petition filed before the Bombay High Court (‘HC’) by the...
Mar 9, 20242 min read
Redefining Judicial Authority: The Supreme Court’s Landmark Ruling on Stay Orders and Procedural Fairness
The SC's pivotal ruling on stay orders redefines procedural fairness, emphasizing a balance between efficiency and justice.
Mar 9, 20243 min read
Coercion Claims in Tax Proceedings: Bombay HC differentiates between Coercive Tax Deposit & Strategic Compliance
Explore how Bombay HC delineates between voluntary compliance and coercion in tax disputes, affirming legal standards.
Mar 8, 20245 min read
Partial Quashing of FIRs Based on Partial Compromises
Exploring the PHC's referral on FIR quashing: Can partial compromises justify selective legal relief for accused?
Mar 7, 20242 min read
Beyond Corporate Dissolution: Ensuring Directorial Accountability for Company Debts
Introduction In the case of Biman Bangladesh Airlines Limited v. Kuka Travels Private Ltd.[i], the High Court of Calcutta ('HC')...
Mar 4, 20243 min read
Ensuring Procedural Fairness: The Delhi High Court Upholds ITAT Decision in Forum Sales Pvt. Ltd. Case
The Delhi High Court highlights the need for just procedures in tax assessments, ensuring fairness and transparency.
Feb 29, 20243 min read
ITAT Kolkata Affirms IBC's Overriding Effect on Income Tax Proceedings
ITAT rules IBC's moratorium halts all tax proceedings during corporate insolvency processes.
Feb 29, 20243 min read
No TDS on Minimum Guarantee Expenses: ITAT Draws Fine Line between Rent & Compensation
Introduction The recent ruling by the Delhi Bench of the Income Tax Appellate Tribunal (‘ITAT’) in the case of M/s Oravel Stays Pvt. Ltd....
Feb 29, 20244 min read
[ITAT] Deemed Dividend Under S. 2(22)(e) of the Income-Tax Act Is Taxable in the Hands of the Beneficial Shareholder
ITAT rules: Loans between entities with common shareholders are not 'deemed dividends' under Income-Tax Act s. 2(22)(e).
Feb 27, 20242 min read
Flexibility in Legal Timelines: Condonation of Delay for Acquittal Appeals
Introduction The Hon’ble Supreme Court (‘SC’) in its recent judgment titled Mohd Abaad Ali v. Directorate of Revenue Prosecution...
Feb 26, 20244 min read
Inherent Powers in Check: Supreme Court’s Stance on Stay of Investigation & Coercive Steps
Introduction In this significant decision given in the case of Directorate of Enforcement v. Niraj Tyagi & Ors. [i] , the Hon’ble...
Feb 26, 20242 min read
A Case of Non-Application of Mind: Supreme Court Grants an Unusual Release to a PMLA Accused
Supreme Court clarifies procedural norms in a unique PMLA case, highlighting judicial diligence.
Feb 23, 20244 min read
Evidentiary Rigor: Delhi High Court’s Observations in Denying Bail to AAP MP Sanjay Singh
Introduction The case of Sanjay Singh v. Directorate of Enforcement[i] pertained to the alleged involvement of Aam Aadmi Party (‘AAP’)...
Feb 23, 20243 min read
No Mens Rea, No Prosecution: Bombay High Court Quashes Tax Evasion Proceedings
Introduction The Hon’ble Bombay High Court (‘Bombay HC’) has recently in its judgment in Unique Trading Company v. Income Tax Officer[i]...
Feb 20, 20245 min read
SFIO’s Authority and Role Upheld by Karnataka High Court in Corporate Affairs Investigation
Introduction In the matter of Exalogic Solutions Private Limited v. The Director, Serious Fraud Investigation Office and Anr.[i], the...
Feb 17, 20246 min read
The Supreme Court Unanimously Strikes Down Electoral Bond Scheme: Unravelling the Right to Information
Introduction The Hon’ble Supreme Court (‘SC’) in its landmark judgment of Association for Democratic Reforms & Anr. v. Union of India &...