The Doctrine of Pious Obligation, which required sons to repay ancestral debts, was abolished by the 2005 Hindu Succession Act, with exceptions for pre-2005 debts.
Learn about the Komal Gurumuk Sangtani v. ITO case, where the Mumbai ITAT clarified what property improvement costs can be deducted when computing capital gains.
The NCLAT dismisses an appeal by promoters and personal guarantors of Sharon Bio Medicine Ltd., clarifying that personal guarantees are independent contracts and not discharged by a resolution plan under the IBC.
The NCDRC ruled that a surveyor’s report is a prerequisite but not conclusive for a claim. This decision emphasizes independent evidence over a surveyor’s findings.
The NCLAT ruled that provident fund dues are not corporate debtor assets and must be paid in full during CIRP, prioritizing them over all other debts.
The ITAT ruled that a struck-off company can still file an appeal against the tax department. This decision ensures directors have the right to a fair legal process.
Learn how late claims affect insurance payouts. The consequences of delayed notification depend on whether the policy clause is a condition or a condition precedent.
Learn about void insurance policies, the difference between void and cancelled coverage, and the legal and contractual conditions that determine whether a premium can be refunded.
Learn about top-up and super top-up health insurance plans, how they work, and the key differences between them to effectively increase your health coverage.
An overview of the legal rules of marshalling and contribution in property law, explaining how they protect buyers and co-mortgagors in mortgage transactions.
