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Archive: 02 May 2026

Posts in 02 May 2026

Personal Liberty Cannot Be Lightly Curtailed In Cases Coloured By Political Rivalry: SC

May 2, 2026 282 Views 0 comment Print

The case examined whether arrest was justified in a politically sensitive dispute. The Court held that liberty cannot be curtailed lightly where allegations appear politically motivated.

Insertion of Section 28A: Transfer of Guarantor Assets into CIRP Estate

May 2, 2026 432 Views 0 comment Print

Section 28A enables inclusion of guarantor assets in the insolvency process to avoid parallel proceedings. The ruling ensures better value realisation and streamlined resolution.

Payment of Pension to Government Pensioners – FAQ

May 2, 2026 6258 Views 0 comment Print

The issue concerns delays in pension credit caused by banks. The guidelines mandate 8% interest compensation for such delays. The key takeaway is that banks are accountable for timely pension payments.

Section 14 under IBC (Amendment) Act, 2026: Scope of Moratorium & Decriminalising Contraventions

May 2, 2026 312 Views 0 comment Print

The amendment clarifies that guarantors cannot initiate recovery against the corporate debtor during CIRP. It ensures all claims are resolved collectively within the insolvency process.

IBC (Amendment) Act, 2026: Faster Timelines and a Creditor-Driven Regime

May 2, 2026 621 Views 0 comment Print

The amendment mandates time-bound decisions by NCLT to speed up insolvency resolution. It ensures accountability and faster case disposal.

Section 12A under IBC (Amendment) Act, 2026: Strict Timeline for CIRP Withdrawal

May 2, 2026 771 Views 0 comment Print

The amendment limits withdrawal only between CoC constitution and invitation of resolution plans. It ensures procedural discipline and avoids disruption of insolvency proceedings.

No More Delays: Mandatory Admission & Strict Timelines under IBC (Amendment) Act, 2026

May 2, 2026 417 Views 0 comment Print

The amendment replaces discretion with a mandatory framework for admitting applications upon proof of default. It ensures faster initiation of CIRP and reduces judicial delays.

Risk-based pricing in personal loans: How your credit profile impacts your final interest rate

May 2, 2026 606 Views 0 comment Print

The issue concerns how lenders use credit profiles to determine loan interest rates under risk-based pricing. It explains that borrowers with strong credit histories receive lower interest rates and better terms.

GST Registration Can’t Be Cancelled on Vague SCN: Gauhati High Court

May 2, 2026 549 Views 0 comment Print

The central issue was whether incomplete notices satisfy legal requirements. The Court ruled that mere reproduction of statutory language without factual foundation is insufficient. The decision reinforces strict adherence to natural justice principles.

IDS Refund Restriction on Edible Oils can’t be applied retrospectively: J&K&L HC

May 2, 2026 288 Views 0 comment Print

The issue was whether the 2019 amendment to Section 54 could limit earlier refund claims. The Court ruled that the amendment is prospective and cannot affect pre-amendment entitlements. Claims were held valid within extended timelines.

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