The Supreme Court has remanded a case to the Karnataka High Court to re-examine the priority dispute between EPFO dues and secured creditors under the SARFAESI Act. The ruling mandates a new hearing to balance these competing claims.
Supreme Court confirmed validity of a two-decade-old auction sale for an agricultural plot but mandated buyer to pay additional compensation and get land surveyed to ensure sale’s finality and fairness.
Supreme Court dismisses ONGC’s appeal, affirming an arbitral award for a contractor. The Court clarifies that a general ‘no interest’ clause is insufficient to bar an arbitrator from awarding pendente lite interest.
Understand the Remittance Basis of UK taxation for non-domiciled individuals and NRIs. Debunking 6 common myths about filing, allowances, and foreign income to avoid tax errors.
A summary of the role and challenges of the Centre of Main Interest (COMI) in cross-border insolvency. Learn about legal uncertainties, the exclusion of digital businesses, and proposed reforms.
A summary of Section 179 of the Companies Act, 2013, detailing the powers of a company’s Board of Directors, their limitations, and delegation.
A summary of GST rules for job work in India. Learn about Input Tax Credit (ITC), compliance, and key legal provisions to avoid common disputes and penalties.
A comprehensive guide on filing accurate GST Annual Returns (GSTR-9 & GSTR-9C) for FY 2024-25. Learn key precautions to avoid mismatches, audits, and legal disputes.
The ITAT Ahmedabad bench ruled that loans from current accounts for business purposes cannot be classified as deemed dividends under Section 2(22)(e) of the Income Tax Act. Learn why this decision matters for inter-company financial transactions.
Supreme Court overturns NCLAT, nullifying a gift deed and share transfer, and reinstating Shailja Krishna as the majority shareholder of Satori Global Ltd. Key takeaways for corporate law and NCLT jurisdiction.
