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...
Corporate Law : The Supreme Court held that liabilities arising from corporate guarantees qualify as financial debt under Section 5(8) of the Inso...
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...
Corporate Law : The Supreme Court expressed serious reservations about earlier rulings denying bail in UAPA cases, holding that smaller benches ca...
Income Tax : The article explains the Supreme Court’s landmark 2024 ruling that broken period interest on debt securities is capital in natur...
Corporate Law : The Supreme Court upheld joint insolvency proceedings against two interconnected real estate companies due to common management an...
Corporate Law : Supreme Court ruled that CoC and RP can surrender financially burdensome assets voluntarily, clarifying moratorium under section 1...
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...
Corporate Law : Justice BR Gavai sworn in as India's 52nd Chief Justice. Focus areas include addressing case pendency and improving court infrastr...
Corporate Law : Key IBC case law updates from Oct-Dec 2024, covering Supreme Court and High Court decisions on CoC powers, resolution plans, relat...
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...
Finance : The Supreme Court refused relief to borrowers who defaulted from the very first instalment after availing an ₹8.09 crore loan. T...
Finance : The Supreme Court upheld a Will executed in favour of the testator’s sister despite objections from his wife and children. The C...
Income Tax : SC examined nature of amounts received from an AOP and upheld findings that receipts constituted profit share rather than revenue ...
Income Tax : The Supreme Court dismissed the challenge to a Delhi High Court ruling that quashed reassessment proceedings under Sections 148A(d...
Corporate Law : The Bill seeks to amend Articles 15 and 16 to allow reservation for backward classes proportionate to their population identified ...
Fema / RBI : RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inc...
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, ...
Corporate Law : No restrictions on joint bank accounts or nominations for the queer community, as clarified by the Supreme Court and RBI in August...
Corporate Law : Supreme Court of India introduces new procedures for case adjournments effective 14th February 2024, detailing strict guidelines a...
The Court ordered transfer of the pending company appeal to the NCLAT Principal Bench after concerns arose from a judicial disclosure. The ruling ensures impartial adjudication and places broader issues before the Chief Justice.
SC held that Act reintroduced provisions earlier struck down, violating judicial independence and constitutional principles. It restored earlier service conditions and protected prior appointments.
The Supreme Court held that assignment of a decree for specific performance does not create any present right or title in immovable property. Therefore, such assignment deeds do not require registration under Section 17(1)(e) of the Registration Act.
The Court held that when multiple authorities are required to communicate an EC, the appeal limitation period begins from the earliest communication. Subsequent notifications cannot extend the period, emphasizing timely action by aggrieved parties.
The Court held that cost directions based on earlier guidelines cannot be enforced as binding precedent. It set aside the imposed costs since the complainant sought no further payment and the appellant could not comply.
This case addressed the scope of judicial interference under the Arbitration Act regarding the interest awarded in a commercial dispute. The Court found no perversity in the Arbitrator’s decision to award the contractual 24% rate, rejecting the borrower’s claims under the outdated Usurious Loans Act, 1918. The ruling emphasizes that the Arbitration Act framework overrides State usury laws for NBFC lending and bars courts from reopening contractual rates.
SC found that issuing tax notices for periods before takeover violated the ruling that all non-included claims are extinguished upon approval of the resolution plan. The recovery proceedings were set aside.
The Supreme Court acquitted Surendra Koli, citing involuntary confession, flawed investigations, and irreconcilable outcomes in 12 companion cases, upholding fairness and due process.
The apex court removed the cost imposed to the State Legal Services Authority after parties settled a cheque dishonour dispute. The ruling confirms that prior Article 142-based cost schemes cannot mandate payment in every case. Takeaway: each settlement must be evaluated on its own merits, not by automatic precedent.
The Supreme Court scheduled final hearing to determine if a trust working for a particular community can claim income tax exemption under Sections 11 and 12.
