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Retrospective GST Amendment Nullifies SC ITC Relief on Construction Costs

Goods and Services Tax : The Finance Act, 2025 retrospectively amended Section 17(5)(d) of the CGST Act after the Supreme Court allowed ITC on certain comm...

May 21, 2026 756 Views 0 comment Print

No More Technical Escapes: SC Settles Law on Guarantee Validity, Stamping & Disclosures in CIRP

Corporate Law : The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Inso...

May 21, 2026 246 Views 0 comment Print

SC on Shortfall Undertakings as Financial Debt: China Development Bank v. Doha Bank

Corporate Law : The Supreme Court ruled that a shortfall payment clause in a Deed of Hypothecation can qualify as a contract of guarantee under th...

May 21, 2026 195 Views 0 comment Print

Supreme Court Disapproves Umar Khalid Bail Denial Judgment

Corporate Law : The Supreme Court expressed serious reservations about earlier rulings denying bail in UAPA cases, holding that smaller benches ca...

May 19, 2026 366 Views 0 comment Print

Interest on Broken Periods for Banks – Revisiting SC’s 2024 Ruling (Bank of Rajasthan)

Income Tax : The article explains the Supreme Court’s landmark 2024 ruling that broken period interest on debt securities is capital in natur...

May 14, 2026 132 Views 0 comment Print


Latest News


Latest Case Law Related to IBC 2016: January to March 2026

Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...

May 21, 2026 159 Views 0 comment Print

Important Case Laws related to IBC 2016 – July – September 2025

Corporate Law : Supreme Court ruled that CoC and RP can surrender financially burdensome assets voluntarily, clarifying moratorium under section 1...

November 20, 2025 5235 Views 0 comment Print

Important Rulings on IBC – January to March 2025

Corporate Law : SC clarifies limits of High Court's writ powers in IBC cases and recognises Indian CIRP as foreign main proceeding in cross-border...

May 21, 2025 1884 Views 0 comment Print

India’s 52nd CJI Hon’ble Mr Justice BR Gavai Finally Takes Oath

Corporate Law : Justice BR Gavai sworn in as India's 52nd Chief Justice. Focus areas include addressing case pendency and improving court infrastr...

May 15, 2025 855 Views 0 comment Print

Latest Case Law Related to IBC 2016: October to December 2024

Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...

February 13, 2025 2646 Views 0 comment Print


Latest Judiciary


SC Stays GST Section 74 Proceedings Due to Pending Jurisdictional Issue on Alternate Remedy

Goods and Services Tax : The Supreme Court stayed further proceedings arising from a Section 74 GST order while examining whether writ petitions can be ent...

May 23, 2026 87 Views 0 comment Print

SC Slams Casual Sanction of ₹8 Cr Loan After Borrower Defaults From Day One

Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...

May 22, 2026 264 Views 0 comment Print

Inheritance Isn’t a Birthright When a Valid Will Exists: SC

Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...

May 22, 2026 969 Views 0 comment Print

Income From AOP Held Non-Taxable in Member’s Hands as It Was Share of Profit: SC

Income Tax : SC examined nature of amounts received from an AOP and upheld findings that receipts constituted profit share rather than revenue ...

May 22, 2026 465 Views 1 comment Print

SC Upholds Delhi HC Ruling as Reassessment Was Based on Changing Grounds

Income Tax : The Supreme Court dismissed the challenge to a Delhi High Court ruling that quashed reassessment proceedings under Sections 148A(d...

May 21, 2026 354 Views 0 comment Print


Latest Notifications


Bill Seeks SC Regional Benches at Mumbai, Chennai, Kolkata & Delhi

Corporate Law : The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified ...

March 4, 2026 3609 Views 0 comment Print

RBI Mandates Alternative KYC Verification Methods for Disabled Customers

Fema / RBI : RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inc...

August 14, 2025 2127 Views 0 comment Print

CBDT Revises Monetary Limits for Tax Income Tax Appeals

Income Tax : CBDT raises monetary limits for tax appeals: Rs. 60 lakh for ITAT, Rs. 2 crore for High Court, and Rs. 5 crore for Supreme Court, ...

September 17, 2024 17250 Views 0 comment Print

Supreme Court Ruling: No Restrictions for Queer Community Accounts

Corporate Law : No restrictions on joint bank accounts or nominations for the queer community, as clarified by the Supreme Court and RBI in August...

August 28, 2024 681 Views 0 comment Print

SC: Procedure for circulation of Letters for adjournment of cases

Corporate Law : Supreme Court of India introduces new procedures for case adjournments effective 14th February 2024, detailing strict guidelines a...

February 14, 2024 2865 Views 0 comment Print


Preliminary enquiry shall be conducted before deciding whether dispute is arbitrable or not: SC

October 11, 2022 1656 Views 0 comment Print

In present facts of the case, the Hon’ble Supreme Court of India observed that a preliminary enquiry shall be conducted by the High Court on the issue whether the dispute is arbitrable or not while deciding an application made under Section 11(5) & (6) of the Arbitration and Conciliation Act, 1996 for appointment of arbitrators.

Terms & Conditions of Invitation to Tender are not open to judicial scrutiny, unless arbitrary, discriminatory or mala fide: SC

October 10, 2022 4254 Views 0 comment Print

In present facts of the case, it was observed by the Honble Supreme Court of India that an NGO could not have filed writ petition before Honble High Court as it do not have any locus standi in present facts of the case as it was not an aggrieved party. Also, it was observed that the terms and conditions of the Invitation to Tender are within the domain of the tenderer/tender making authority and are not open to judicial scrutiny, unless they are arbitrary, discriminatory or mala fide.

Judgment or Decree obtained by fraud is to be treated as a nullity: SC

October 10, 2022 11493 Views 0 comment Print

In present facts of the case, while allowing the appeal it was observed by the Hon’ble Supreme Court that non-disclosure of the relevant and material documents with a view to obtain an undue advantage would amount to fraud and the judgment or decree obtained by fraud is to be treated as a nullity.

Judgment or Decree obtained by Fraud is as a Nullity: SC

October 10, 2022 4842 Views 0 comment Print

Non-disclosure of the relevant and material documents with a view to obtain an undue advantage would amount to fraud. Therefore, the judgment or decree obtained by fraud was to be treated as a nullity as the respondent had not only suppressed a material fact but had also tried to mislead the High Court.

Writ under Article 32 maintainable if no other remedy available: SC

October 7, 2022 20388 Views 0 comment Print

In the present case, the Hon’ble Supreme Court observed that the Writ under Article 32 would be maintainable as after the Apex Court, no litigant has any opportunity of approaching any higher forum to question its decision. The only remedy available to the petitioners would be to approach this Court by way of writ petition under Article 32 of the Constitution of India for protection of the fundamental rights (Right to Privacy in this case) of citizens of India.

Order passed by Industrial Tribunal cannot be challenged in Labour Courts when proper procedure followed: SC

October 6, 2022 3801 Views 0 comment Print

In present matter, the Honble Supreme Court observed that once the order of termination was approved by the Industrial Tribunal on appreciation of evidence led before it, thereafter the findings recorded by the Industrial Tribunal were binding between the parties and no contrary view could have been taken by the Labour Court contrary to the findings recorded by the Industrial Tribunal.

Striking off order passed by RoC cannot be altered in absence of proper identity of Complainant

October 6, 2022 1242 Views 0 comment Print

The Orders of the Registrar of Companies cannot be altered after 16 years of the declaration of the Company as defunct especially when the Complainant has no locus standi as he is neither a Company, nor a member and nor a creditor, hence he cannot be said to be a person aggrieved to question the Order of RoC is striking off the Companys name under Section 560(5) of the Companies Act, 1956.

Article 142 invoked to reduce interest rate awarded by Arbitral Tribunal

October 6, 2022 3294 Views 0 comment Print

In present case, the Honble Supreme Court invoked the provision of Article 142 of the Constitution of India and reduced the rate of Interest awarded by the arbitral tribunal by considering the fact that the long duration has been passed since filing of the claim.

Anticipatory Bail is not fixed for a particular period & can continue till end of trial: SC

October 6, 2022 26793 Views 0 comment Print

Anticipatory bail granted can, depending on the conduct and behavior of the accused, continue after filing of the charge sheet till end of trial. An order of anticipatory bail should not be blanket in the sense that it should not enable the accused to commit further offences and claim relief of indefinite protection from arrest.

Ex-promoters cannot continue in Insolvent Company in any capacity: SC

October 6, 2022 777 Views 0 comment Print

Appellants are the erstwhile Promoters and therefore they cannot be continued to be in the Company in any capacity may be as shareholders as if they continue Resolution Plan shall not be workable at all.

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