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GST Council Recommendation Not Binding on Central & State Governments

June 13, 2022 6006 Views 1 comment Print

SC held that GST Council’s recommendations are not binding on Centre and states and have only persuasive value, Apex Court also strike down IGST levy on ocean freight under RCM

DRT cannot restrain a Debtor’s Fundamental Right to Travel Abroad

June 12, 2022 2799 Views 0 comment Print

HC held that Debt Recovery Tribunal (DRT) Not Empowered In Law To Restrain A Debtor’s Fundamental Right To Travel Abroad.

Online Gaming (Regulation) Bill, 2022

June 10, 2022 5010 Views 0 comment Print

Dive into the details of the Online Gaming (Regulation) Bill, 2022, introduced in response to the surge in online gaming during the COVID-19 pandemic. Explore key provisions, licensing requirements, and the establishment of the Online Gaming Commission. Stay informed about the evolving landscape of online gaming in India

Limitation Period runs from the date amount duly reflects in ledger as Outstanding & Payable

June 9, 2022 6672 Views 0 comment Print

Once the amount is properly reflected in the ledger as outstanding and payable, the Statute of  limitation begins on the following date.

Married Women’s Property Act, 1874- Provision Related to Insurance Proceeds

June 9, 2022 5607 Views 0 comment Print

Secure your familys financial future with the Married Womens Property Act, 1874. Learn how this legal provision safeguards insurance proceeds from creditors, ensuring your loved ones receive the benefits. Dont let debts compromise your familys well-being; understand the provisions and benefits of the MWP Act today. Discover the simple and cost-effective process to cover your life insurance policy under this act, providing long-term protection for your family.

Parties cannot rely upon definitions of ‘terrorism’ in penal statutes since Exclusion Clause contains an exhaustive definition: SC

June 6, 2022 726 Views 0 comment Print

SC held that Parties cannot rely upon the definitions of ‘terrorism’ in penal statutes since the Exclusion Clause contains an exhaustive definition.

NCLT /NCLAT should not Sit in A Appeal on Commercial Wisdom of COC: SC

June 6, 2022 2091 Views 0 comment Print

SC held that when 90% or more of the creditors decide that it will be in the interest of all the stake¬holders to permit Settlement Plan filed by promoter of the Corporate Debtor and withdraw Corporate Insolvency Resolution Process as per Section 12A of IBC, 2016, NCLT or NCLAT cannot sit in appeal over such commercial wisdom of Committee of Creditors.

A Person Purchase Goods or Services Exclusively For Self -Employment Is A Consumer: SC

June 4, 2022 3138 Views 0 comment Print

Explore the Supreme Courts landmark decision in Shrikant G. Mantri vs. Punjab National Bank, affirming that a person purchasing goods or services exclusively for self-employment qualifies as a consumer. Delve into the legal nuances of the case, emphasizing the distinction between consumer and commercial purposes. Stay informed with the latest judicial insights.

Capacity of Females Hindu to Form A Hindu Undivided Family: SC

June 4, 2022 2961 Views 1 comment Print

Female heirs of a Hindu governed by the Dayabhaga School of Hindu Law dying intestate could not impress upon their inherited property the character of joint family property. The properties inherited from her husband was assessable in the hands of the assessee in the status of individual. It means that female members of a HUF cannot form HUF on the basis of contract among themselves.

Guidelines on Anti Money Laundering & Counter Financing of Terrorism

June 3, 2022 2313 Views 0 comment Print

Learn about the Master Guidelines on Anti Money Laundering & Counter Financing of Terrorism issued by the Authority for insurers in India.

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