Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The Himachal Pradesh High Court dismissed appeals regarding pre-1988 benami purchases, enforcing Section 4 of the Benami Act, which bars such suits. This ruling clarifies the legislative intent of restricting claims on pre-1988 transactions due to the enactment of the Benami Act.
The Bombay High Court's recent decision marks a departure from strict procedural timelines under the Trade Marks Rules, 2017. The ruling prioritizes substantive justice, posing questions about legislative intent and trademark prosecution's future.
The Himachal Pradesh High Court ruled against establishing jurisdiction in patent cases based on isolated purchases. This decision provides clarity on forum shopping and reinforces the legitimacy of territorial jurisdiction in patent law matters.
The NCLT has admitted an insolvency plea by Indian Overseas Bank against a toll road company, citing strict adherence to repayment obligations.
The Orissa High Court ruled that a corporate debtor cannot be prosecuted for environmental violations committed prior to the initiation of Corporate Insolvency Resolution Process (CIRP) if a resolution plan has been approved and management has transferred to a new entity.
The NCLT Mumbai has granted a waiver under Section 244(1)(b) in an oppression and mismanagement petition, allowing it to proceed for further hearing. This highlights the procedural flexibility in managing shareholder disputes.
The Kerala High Court has ruled that amendments to stamp duty regulations following amalgamation and demerger cannot apply retroactively. The court quashed demands for stamp duty under new regulations for transactions preceding these changes.
The Directorate General of Foreign Trade (DGFT) has launched the 'Niryat Disha' Mission, aimed at enhancing the global branding of Indian exports. The initiative includes a Trust Mark certification and significant financial support for campaigns.
The amended SEBI Buyback Regulations restore the stock exchange route and revise shareholder notification requirements, also making Merchant Banker appointment optional.
NCLT Mumbai has granted a waiver under Section 244(1)(b), dismissing a maintainability objection and allowing an oppression and mismanagement petition to proceed for further hearing.
The Karnataka High Court has clarified that disqualification under Section 164 does not vacate an office in a defaulting company while directing reactivation of the DIN post-disqualification.
The NCLAT has ruled that advances for the supply of goods constitute operational debt under the consortium agreement, setting aside the prior rejection of a Section 9 application and restoring it for admission.