Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
FeaturedThe NCLT has ordered the liquidation of a corporate debtor due to multiple defaults under an approved resolution plan, despite a significant payment of ₹171.48 crore.
FeaturedThe NCLT Mumbai has ordered the liquidation of Bymedo Healthcare LLP following a majority decision of the Committee of Creditors. This ruling marks a significant step in the insolvency proceedings of the healthcare firm.
FeaturedThe Kerala High Court has directed a reconsideration of the tax exemption claim for a Sports Centre based on its primary use and charitable activities. This ruling addresses the nuances of taxation applicable to entities performing charitable functions.
FeaturedA recent ruling by the Indian Supreme Court allowing modification of arbitral awards has been met with apprehension from international arbitration experts regarding its implications for global arbitration practices.
FeaturedThe Securities and Exchange Board of India (SEBI) uncovered substantial inflation of sales and purchases through deceptive transactions. The findings have led to serious implications for the involved company.
FeaturedThe Bombay High Court's ruling in Ashit Padhaya v. Assistant Controller emphasizes the necessity of transparency in patent examination processes. This landmark decision impacts how patent objections are argued and assessed.
FeaturedThe recent FEMA amendment by RBI substitutes NCLT references with Competent Authority designations, addressing merger process deficiencies but exposing unresolved structural issues.
FeaturedThe Supreme Court has ruled that a late deposit of the Foreign Travel Tax (FTT) by Saudi Arabian Airlines does not amount to a tax failure, thereby quashing a penalty of Rs. 71 lakhs imposed under Section 38(3) of the Finance Act.
FeaturedThe Controller General of Patents, Designs, and Trademarks (CGPDTM) has issued new guidelines regulating AI usage in patent examinations. This marks a significant step towards integrating technology while ensuring human oversight is maintained.
FeaturedSubhash Chandra has appealed against a recent NCLT decision reducing his liability from ₹22,000 crore to ₹6.25 crore. Creditors are expressing strong discontent, claiming the ruling significantly undermines their recovery prospects.
FeaturedThe Supreme Court of India has ruled that the pre-2008 Section 79 of the IT Act does not provide immunity to intermediaries against defamation claims under the IPC, allowing factual issues to proceed to trial.
FeaturedThe Supreme Court of India ruled that the pre-2008 Section 79 of the IT Act does not provide immunity to intermediaries from defamation claims under the IPC. The ruling allows the matter to proceed to trial, highlighting the legal responsibilities of intermediaries.