Supreme Court that the Adjudicating Authority (NCLT) has jurisdiction only u/s. 31(2) of the Code, which gives power not to approve only when the Resolution Plan does not meet the requirement laid down u/s. 31(1) of the Code, for which a reasoned order is required to be passed.
Supreme Court held that it is not necessary that a person against whom the offence under Section 3 of the Prevention of Money Laundering Act (PMLA) is alleged must have been shown as the accused in the scheduled offence.
Explore the Supreme Court judgment on Commissioner of Customs vs. Godavari Drugs Ltd. as it dismisses the customs appeal, citing increased monetary limits according to the CBIC Circular.
Supreme Court’s ruling against property transfer through Power of Attorney and Agreement to Sell. Understand the legal implications and constraints.
SC decision clarifies that proving charges under the NDPS Act doesn’t solely depend on the presence of independent witnesses and underscores the importance of procedural compliance.
The Supreme Court dismisses Bharat International’s appeal on entry tax, citing the precedent in Jindal Steel. Learn about the ruling and its implications on trade and commerce
Insurance disputes often unfold as legal mazes, and in a recent case, we find a compelling narrative. A warehouse fire triggered a claim, met with a swift repudiation by the insurance company. But why? This article peels back the layers, exploring issues of coverage, alterations, and the elusive cause of the fire.
Supreme Court of India rejected the bail application as applicant failed to prove him not guilty of the alleged economic offences wherein crores of proceeds of crime were transferred to the shell companies without any genuine business transaction.
Supreme Court held that profits earned on account of foreign exchange fluctuation cannot be included/ treated as derived from the business of export income. Accordingly, deduction under section 80HHC of the Income Tax Act not available.
Explore key legal nuances in the Supreme Court’s landmark judgment on will validity and adoption principles in Moturu Nalini Kanth vs. Gainedi Kaliprasad.
