Understand the legal concept of negligent entrustment, where an owner is liable for loaning a dangerous item to an incompetent user, and its difference from vicarious liability.
NCLAT Delhi ruled that the forced purchase of minority shares without complying with the Companies Act constitutes oppression and mismanagement. The case highlights the strict legal requirements for such acquisitions.
SC ruled that entities for general public utility can claim income tax exemptions, provided any incidental business or trade receipts do not exceed 20% of their total receipts.
The Delhi High Court upheld that exemptions under Sections 54 and 54F are applicable even if a reconstructed property contains multiple independent residential units.
ITAT Chennai ruled that gold wastage during ornament manufacturing isn’t considered a payment for making charges, so TDS under Section 194C is not applicable.
The NCLAT dismissed an appeal, affirming that writing off a bad debt is a commercial decision by a company’s board that does not warrant judicial intervention.
Supreme Court rules a subsidiary’s asset mortgage for its holding company’s loan is a preferential transaction. Lenders become secured creditors, not financial creditors, of the subsidiary in its CIRP.
Delhi High Court rules that inter-se disputes between LLP partners are to be tried under Commercial Courts Act, not before NCLT under LLP Act provisions.
NCLAT rules that licensors claiming license fees for premises are Operational Creditors and such fees constitute Operational Debt under IBC, clarifying previous judicial divergence on the matter.
Explore comprehensive motor insurance policies in India, detailing covered damages, optional add-ons, and crucial aspects of third-party liability limits. Understand how policy terms define insurer responsibility.
