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Corporate Law : The arrest of advocate Zafar Ali highlights the urgent need for the Advocate Protection Act to safeguard legal professionals again...
Corporate Law : Explore key AI and data privacy legal developments in India since 2024, including the DPDP Act, TRAI rules, court cases, and globa...
Corporate Law : BNSS aims to speed up justice in India, but are core issues like adjournments and judge shortages addressed? Explore the gaps and ...
Corporate Law : The study explores the types of foreign investments—Foreign Direct Investment (FDI), Foreign Institutional Investment (FII), Ext...
Corporate Law : Supreme Court acquits six in post-Godhra riots case, citing lack of incriminating evidence and wrongful conviction by the Gujarat ...
Corporate Law : CAIT raises concerns about deceptive opinion trading platforms, urging action to prevent user harm and ensure compliance with IT R...
Corporate Law : Provisional list of audit firms of listed companies yet to file NFRA-2 for 2023-24. Filing deadline was 30.11.2024; fines apply fo...
Corporate Law : List of audit firms yet to file NFRA-2 for 2022-23. Filing deadline was 30.11.2023; penalties apply for non-compliance. Late submi...
Corporate Law : CCI investigated 35 cartels, signed MoUs with global regulators, introduced 'Lesser Penalty Plus,' and conducted 1,446 advocacy ev...
Corporate Law : NPS Vatsalya Scheme, launched on 18th September 2024, is a contributory pension plan aimed at fostering a fully pensioned society....
Corporate Law : Gujarat High Court allows condonation of delay in filing Form 10B for a charitable trust, overturning CIT order and directing tax ...
Corporate Law : The borrowers defaulted on loan repayment, prompting the petitioner to initiate proceedings under the SARFAESI Act. Physical posse...
Corporate Law : Madras High Court directs the Regional Passport Office to process Seeniselvam’s passport application despite a pending crimina...
Corporate Law : Karnataka High Court held that once the dispute is referred to the Labour Court or the Tribunal, the Government will have no power...
Corporate Law : Delhi High Court held that imposition of penalty under section 271DA of the Income Tax Act is justifiable since there is no inordi...
Corporate Law : Companies must report delayed payments over 45 days to MSMEs in a half-yearly return to the Ministry of Corporate Affairs under MS...
Corporate Law : IBBI issues disciplinary order against insolvency professional Umesh Poddar for delayed disclosures and auction process irregulari...
Corporate Law : RTI appeal seeking CIRP status and payment timeline of Future Supply Chain dismissed due to an 8-month delay beyond the deadline. ...
Corporate Law : Hinges (Quality Control) Order 2025 mandates Indian Standards compliance for hinges, with exemptions for exports and R&D. Effectiv...
Corporate Law : The Bhavishya portal is mandatory for processing central government pension cases since 2017, ensuring timely settlements per CCS ...
In the present case, after stay on further proceedings by the Hon’ble Supreme Court, Mr. Gupta handed over the control and custody of the assets to ex-management which was against the fundamental jurisprudence of the Code relating to creditor in control mechanism. His conduct is in violation of key procedural norm of keeping with him […]
Bhagwat Joshi @ Shankar Lal Joshi Vs State of Chhattisgarh (Chhattisgarh High Court) Condition for grant of bail should not be stringent, as it would violate accused right of personal liberty under Article 21 of the Constitution of India. FULL TEXT OF THE HIGH COURT ORDER /JUDGEMENT “The delicate light of the law favours release […]
The discussions in the meeting will focus on the new Foreign Trade Policy (FTP) (2021-26) and the strategies and measures to be taken in order to take forward domestic manufacturing and exports.BOT platform provides an opportunity to have regular discussion and consultation with trade and industry and advise the Government on policy measures related to FTP in order to achieve the objective of boosting India’s trade.
Chennai Port trust was not eligible for exemption under Section 29(a) of the Urban Land Tax Act as it did not produce any evidence to prove that the Lands were owned by the Central Government and that the Madras Dock Labour Board was only the ostensible owner. Indeed, the evidence on record indicated that the Madras Dock Labour Board was both the ostensible and real owner and the Lands were assessed to urban land tax and that the Madras Dock Labour Board paid urban land tax as and when demanded. Moreover, the Board Circular dated 30.06.1976 expressly provided that lands owned by the Madras Port Trust would not be eligible for the exemption under Section 29(a).
[*The relevant sections and statutes have been mentioned in brackets] Q.1 What is a power of attorney? Ans: Power of attorney includes any instrument empowering a specified person to act for and in the name of the person executing it. [Section 1A of The Powers of Attorney Act, 1882] By a power of attorney, one […]
Gujarat Maritime Board was having a callous and indifferent attitude and not justified in denying interest on the refund of the deposit which was allowed to the Asiatic steel on account of delay in refund of the amount paid by it for securing contract for a piece of land for ship breaking activity. The Board’s action was entirely unacceptable.
Notification dated 24.03.2020 does not save the Applicant/ Corporate Debtor from the initiation of insolvency especially in cases where defaults towards creditors have taken place before the COVID pandemic and the resultant financial crisis. Such an interpretation would be contrary to the intention of the executive in exercise of its power of delegated legislation. If the intention was to provide for a blanket protection to Corporate Debtors from being dragged to the NCLT irrespective of when or what extent a default has taken place, it would necessarily require a legislative amendment, and that a mere issuance of the notification would not suffice.
Skoda Auto Volkswagen India Private Limited Vs State of Uttar Pradesh & Ors. (Supreme Court of India) We are unable to agree with the contention of the learned Senior Counsel for the petitioner that the substratum of the police complaint is something that is already the subject matter of adjudication before this Court in the […]
Venus Recruiters Private Limited Vs Union of India (Delhi High Court) Whether an application for avoidance of a Preferential Transaction, though filed prior to the Resolution Plan being approved, can be heard & adjudicated by the NCLT, at the instance of the RP, after the approval of the Resolution Plan? The jurisdiction of the NCLT […]
The enraging ongoing agitation of the farmers of Punjab, Haryana and the Western U.P is an ill-conceived wrongly motivated incident affecting the peace and tranquillity of the nation especially viewed in the background of the resurging COVID 19 cases. The three-part bill of the Agri reforms consists of (1) The Farmers’ Produce Trade and Commerce […]
