Supreme Court overturns High Court ruling, upholds e-auction sale under SARFAESI Act. Bank directed to return surplus funds to borrowers.
SC quashes Punjab HC order dismissing plea under CrPC 482. Case remitted to Sessions Court for re-examination of deposit requirement in NI Act conviction.
SC clarifies scope of Section 143A of NI Act, holding interim compensation as discretionary, not mandatory, in cheque bounce cases. Appeal partly allowed.
Mere exchange of draft MoUs or discussions on WhatsApp does not amount to a binding contract, especially when a formal agreement remains unsigned.
The Supreme Court ruled that insolvency moratorium under IBC shields corporate directors from Section 138 NI Act cases, quashing proceedings against Vishnoo Mittal.
Supreme Court dismisses SLP by CIT (Exemptions) against KIIT due to a 504-day delay in filing. Development fees were treated as capital expenditure.
The Supreme Court overturned the Andhra Pradesh High Court’s decision to condone a 1011-day delay in filing a second appeal, citing lack of sufficient cause.
Supreme Court rules on police authority in cognizable drug-related offences under Chapter IV of the Drugs Act, emphasizing the role of Drugs Inspectors.
Supreme Court held that the penalties imposed by the National Consumer Disputes Redressal Commission [NCDRC] are regulatory in nature and do not constitute “debt” under the IBC. Thus, penalty imposed by NCDRC needs to be complied with.
Supreme Court held that when a cell phone is sold along with a charger there is only one Maximum Retail Price and hence charger cannot be taxed separately under Uttar Pradesh Value Added Tax Act, 2007 [UP VAT Act].
