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Archive: 21 March 2025

Posts in 21 March 2025

No 138 NI Act Case Against Director Post Insolvency Start

March 21, 2025 1173 Views 0 comment Print

SC rules that directors cannot face Section 138 NI Act cases if the cause of action arises after insolvency proceedings begin under IBC Section 14.

Hinges Quality Control Order 2025: Standards and Guidelines

March 21, 2025 1638 Views 0 comment Print

Hinges (Quality Control) Order 2025 mandates Indian Standards compliance for hinges, with exemptions for exports and R&D. Effective from Gazette publication.

Govt Launches ₹1,500 Cr UPI Incentive Scheme for FY 2024-25

March 21, 2025 954 Views 0 comment Print

Govt introduces a ₹1,500 Cr scheme to promote low-value BHIM-UPI transactions for small merchants, ensuring seamless digital payments at no extra cost.

Significance of IP Clause In Commercial Contracts

March 21, 2025 1530 Views 0 comment Print

Understand the role of IP clauses in commercial contracts, covering ownership, licensing, and legal considerations to prevent disputes and ensure compliance.

IBBI Enhances Carry-Forward Losses Disclosure in Information Memorandum

March 21, 2025 825 Views 0 comment Print

IBBI mandates detailed disclosure of carry-forward losses in insolvency cases, improving transparency for resolution applicants under the IBC framework.

Mistakes to Avoid While Paying TDS on Rent for FY 2024-25

March 21, 2025 9993 Views 4 comments Print

Understand the revised 2% TDS rate on rent from Oct 1, 2024. Learn the correct rate, avoid overpayments, and claim refunds for excess deductions.

SC upholds validity of e-auction sale conducted by bank

March 21, 2025 1251 Views 0 comment Print

Supreme Court overturns High Court ruling, upholds e-auction sale under SARFAESI Act. Bank directed to return surplus funds to borrowers.

SC Interprets the word ‘May’ under Negotiable Instrument Act, 1881

March 21, 2025 1008 Views 0 comment Print

SC quashes Punjab HC order dismissing plea under CrPC 482. Case remitted to Sessions Court for re-examination of deposit requirement in NI Act conviction.

Interim Compensation under Section 143A of NI Act Not mandatory: SC

March 21, 2025 1662 Views 0 comment Print

SC clarifies scope of Section 143A of NI Act, holding interim compensation as discretionary, not mandatory, in cheque bounce cases. Appeal partly allowed.

Service Tax Appeal cannot be rejected for Pre-Deposit using DRC-03

March 21, 2025 3318 Views 0 comment Print

CESTAT Allahabad remands appeal in Krishna Road Carrier case, ruling that pre-deposit via DRC-03 before 28.10.22 is valid under new CBIC clarifications.

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