The Supreme Court ruled that vicarious liability under the NI Act cannot arise solely from holding an office in a society or company. The key test is whether there is specific material showing involvement in the conduct of the entity’s affairs and the transaction in question.
The key issue was whether cash falls within the definition of property under the PBPT Act. The Tribunal ruled that cash is a tangible movable asset and may be confiscated as benami property when ownership and source remain unverified.
The case examined whether Indian assets could remain seized after foreign asset value was repatriated. The Tribunal ruled that once the objective of Section 37A is fulfilled, continued attachment loses its basis.
The article explains how home loan interest and principal repayments can reduce tax liability under the old tax regime. It also highlights why the new regime may limit these benefits for many borrowers.
The article argues that Compulsorily Convertible Debentures qualify as financial liabilities under Ind AS 32. It explains why certain judicial remarks treating CCDs as equity may be non-binding obiter dicta rather than authoritative legal principles.
The Ministry of Corporate Affairs highlighted that the IBC resolution process facilitated creditor recoveries exceeding ₹4 lakh crore by March 2026. The milestone demonstrates the Code’s effectiveness in maximizing value and improving insolvency outcomes.
The DPDP Act, 2023 creates a legal framework for collecting, processing, and protecting digital personal data in India. Learn the rights of individuals, obligations of businesses, and penalties for non-compliance.
The appellant claimed the disputed funds were received unknowingly and had attempted to return them. The Tribunal granted relief by ordering release of the attached account after deposit of the entire disputed sum.
Focusing solely on the federal corporate tax rate can lead to major compliance surprises. Businesses entering the US must also navigate complex state and local tax obligations that vary widely by jurisdiction.
A perfect stock valuation can still conceal serious lending risks if critical operating licences have expired. Auditors should verify licence validity to identify threats to a bank’s security.
