NCLAT clarifies security deposits under MoUs without borrowing effect do not qualify as financial debt under IBC. Read the detailed analysis and judgment highlights.
SC clarifies that only signatories or responsible directors can be held liable under Section 138 of the Negotiable Instruments Act in cheque bounce cases.
Rajasthan HC rules non-payment of salary violates Article 21. Orders release of pending wages, citing Supreme Court precedents on the right to livelihood.
NCLAT rules charge non-registration under Section 77 doesn’t negate secured creditor status. Upholds claim, differentiating CIRP and liquidation.
ITAT Bangalore rules in favor of Neelamma, holding that the reassessment notice under Section 148 of the Income Tax Act was time-barred. Read full case details.
ITAT Mumbai rules 14A amendment is prospective. No disallowance if no exempt income earned, upholding Delhi HC’s Era Infrastructure view.
SC rules criminal conviction not needed for gratuity forfeiture if misconduct involves moral turpitude. Upholds forfeiture in fraud cases.
SC rules void job ads grant no employment rights. Appointments made under illegal ads are null, upholding Articles 14 & 16.
ITAT Hyderabad rules in favor of Baburao Atluri, allowing Foreign Tax Credit despite Form 67 delay. Tribunal cites DTAA precedence over procedural rules.
Gauhati HC ruled on GST cancellation in Gautam Kar vs Union of India, directing a re-hearing on merits. The case involved procedural lapses and limitation issues.
