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 Supreme Court of India ruled that a provisional attachment order under Section 83 of the CGST Act cannot be re-issued or renewed after its one-year validity period expires.
The Supreme Court directed NCR authorities to immediately create dog shelters and remove all stray dogs from public areas to protect citizens from dog bites.
The Supreme Court ruled a convict who has completed a fixed-term life sentence must be released immediately. They are not required to seek remission.
Supreme Court held that the commercial wisdom of the CoC must, accordingly, be given primacy during the CIRP. Once CoC decides that retention of the possession of the subject property was not in the interest of the CIRP, that decision must be given the respect that is lawfully due to it.
RBI directs banks, NBFCs, and other entities to implement Supreme Court’s accessibility guidelines for digital KYC, ensuring inclusion for persons with disabilities.
Supreme Court dismissed a petition, condemning defendant for repeatedly seeking adjournments to delay a 2013 eviction suit. SC affirmed closure of cross-examination.
The Supreme Court of India ruled in K. Kishan vs. Vijay Nirman Company that a pending challenge to an arbitral award constitutes a pre-existing dispute, which can block insolvency proceedings under the IBC.
The Court agreed, observing that vicarious liability in criminal law requires explicit statutory provision or specific allegations linking the individual to the offence. Granting an interim stay on all proceedings against the directors, it reaffirmed that corporate officers cannot be criminally implicated merely by virtue of their office.
The Supreme Court of India ruled that an insurance surveyor’s report is not the final word on a claim. It can be challenged with other evidence, as seen in the New India Assurance case.
The Supreme Court of India ruled that a Section 95 IBC plea was not time-barred, as the limitation period was extended by debt acknowledgment under Section 18 of the Limitation Act, 1963.
