Understand the conditions under which a company can revoke declared dividends. Learn the legal differences between final and interim dividends and their revocability based on shareholder approval and company circumstances.
A comprehensive vehicle insurance claim for theft cannot be repudiated or settled on a non-standard basis due to alleged taxi use, as established by Supreme Court precedent on breach of policy conditions.
In a significant decision, the Supreme Court of India dismisses an NCLT petition for oppression and mismanagement, citing a pending civil case regarding shareholding disputes in Oswal Agro Mills Ltd. and Oswal Greentech Ltd. Details on the legal battle and implications.
Understand Stridhan under Hindu Law and its taxation in India. Learn about a woman’s absolute property rights, income tax treatment, and CBDT guidelines on gold jewelry ownership.
Supreme Court ruling on employee wages during CIRP: Only those who worked are eligible for CIRP costs. Provident, gratuity, and pension funds are excluded from liquidation estate.
Understand the “Pari Delicto” doctrine in contract and tort law, meaning “in equal fault.” Learn how it affects recovery in illegal agreements, its exceptions, and application in insurance contracts in India.
NCLAT rules that a written financial contract is not essential to prove debt existence under IBC. Oral agreements, supported by financial records, can establish debt and default for CIRP initiation.
ITAT ruled DTAA exemption cannot be denied solely for non-availability of a Tax Residency Certificate (TRC). Circumstantial evidence can suffice, and DTAA prevails over domestic law.
Defining sexual harassment at the workplace as per Indian law (POSH Act, 2013) and international norms. Covers unwelcome conduct, types of harassment (quid pro quo, hostile environment), who is protected, and what constitutes a workplace.
IRDAI’s Bima Vahak initiative aims to expand insurance reach in rural areas. It introduces a women-centric distribution channel for Bima Vistar, an affordable bundled policy.
