Calcutta High Court held that reasonable belief of smuggling based on clandestine conduct and scientific purity of metal is justifiable. Accordingly, absolute confiscation of gold upheld as reasonable belief for seizure u/s. 123 duly established.
The case highlights how expanded benami provisions expose informal family arrangements to confiscation and penalties. Courts stress strict compliance and genuine ownership proof to avoid adverse action.
The Court examined the hostage-taking of judicial officers and held it reflected a complete breakdown of law and order. It ordered a probe and emphasized accountability of state authorities for failing to ensure their safety.
The policy limits AI to administrative and research roles while prohibiting its use in judgments or legal reasoning. It reinforces that judges must retain full responsibility for decisions to preserve fairness and constitutional values.
Increased wage obligations and social security coverage lead to reduced profitability and valuation adjustments. Buyers are required to reassess financials and negotiate safeguards like indemnities and escrows.
The amendment allows financial creditors to directly initiate insolvency with prior approvals, reducing delays. It ensures faster resolution and greater creditor control in insolvency proceedings.
The government has notified Panoli in Gujarat as a customs area for import and export operations. The amendment expands logistics capabilities and strengthens regional trade infrastructure under the Customs Act, 1962.
Wood Pellet Export Shifted from Prohibited to Restricted Due to Policy Amendment & Wood Briquette Exports Restricted Despite Earlier Free Status: DGFT Amendment
The study found that most MSME insolvency cases are resolved before admission, highlighting gaps in data and process efficiency. It recommends reforms to improve transparency, recovery, and early settlements.
ROC imposed penalty due to non-conduct of mandatory board meetings during FY 2019–20. The ruling confirms strict compliance requirements under Section 173 of the Companies Act.
