The Supreme Court of India clarifies that banks can sell mortgaged property to recover dues. Borrowers must pay the full outstanding amount to prevent the sale.
Learn about third-party car insurance, a mandatory legal requirement in India. Understand its coverage, legal provisions, and how it protects drivers financially.
This case study examines if a Managing Director can refuse to perform duties during Corporate Insolvency Resolution Process (CIRP) and the suspension of the Board.
This case study examines if a GST officer can purchase goods to check for a tax invoice, demand a bill cancellation, and a refund, as per Section 67 of the CGST Act.
The ITAT Cochin bench ruled that receiving cash for property at registration violates Section 269SS, overturning a prior decision.
This case study examines if a company can claim interest on assets and money seized by the Income Tax Department after an assessment is completed under the IT Act.
This case study examines if the ROC can prosecute a company for filing defaults under the Companies Act if the company rectifies the issue within 30 days of receiving a notice.
The Rajasthan High Court condoned a 700-day delay in a charitable trust’s filing, citing the president’s severe illness and death, and highlighting the need for a liberal, equitable approach.
CESTAT Chennai held that merely stating the probability of revenue succeeding in their appeal, is a bald statement which cannot be stated to be a reasonable plea for granting stay of order. Hence, stay not granted since sufficient cause not shown.
The Madras High Court recently condoned a 288-day delay in a GST appeal, citing the taxpayer’s ill health and lack of notice. This ruling contrasts with a stricter Jharkhand High Court decision on a similar matter.
