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P & H High Court Rules Revision Petitions Maintainable Against Property Confiscation Orders Under PMLA
Punjab & Haryana High Court affirms revision rights under s. 8(7) of the PMLA, enabling challenges to property confiscation decisions.
May 9, 20243 min read
Payments Made to Non-Resident Entities Not Taxable in India as Royalty
ITAT rules interconnect charges are not royalties under the Income-tax Act, a key decision for non-resident firms.
May 9, 20243 min read
Clarifying Eligibility: NCLAT’s Ruling on Wilful Defaulters in Resolution Proceedings
NCLAT clarifies eligibility of wilful defaulters in CIRP, balancing creditor rights and corporate revival amidst legal complexities.
May 7, 20242 min read
Calcutta High Court Affirms Appellate Authority’s Power to Condone Delay under WBGST Act
In a pivotal ruling, the Calcutta HC upheld the AA's authority to extend deadlines, affirming legal fairness and procedural flexibility.
May 6, 20243 min read
[Bombay High Court] Court Criticizes Public Sector Banks' Coercive Tactics, Limits Power to Issue Look Out Circulars for Loan Defaulters in Economic Offences
Bombay High Court rules against PSBs using LOCs to restrict travel for loan defaulters, upholding constitutional rights and fairness.
May 6, 20245 min read
Orissa HC Determines S. 45 of PMLA Does Not Apply to S. 205 CrPC Applications
Orissa High Court rules that personal appearance exemptions under CrPC are valid in PMLA cases, easing the stringent conditions of s. 45
May 4, 20243 min read
Liability in Case of Improper Accounting of Goods Is to Be Calculated Under the Provisions of S. 74 of the GST Act
Explore how the Allahabad HC clarifies GST liabilities for mismanaged inventories under UGST Act's s. 74.
May 4, 20242 min read
Third-party Assets not liable to be included in the CIRP Process initiated against the Corporate Debtor
NCLAT rules that third-party assets in possession of a corporate debtor can't be included in CIRP without a valid contract.
May 3, 20243 min read
Delhi High Court Rules on Jurisdiction Over Foreign Cheques Under Negotiable Instruments Act
Delhi HC confirms that Indian courts can handle cases involving cheques drawn abroad, enhancing trust in global financial transactions.
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 2, 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.
May 1, 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 30, 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, 20243 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 29, 20244 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, 20242 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 27, 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 25, 20243 min read