IBC Moratorium Shields Debtor, Not Directors: Criminal & Homebuyer Claims
The NCLAT clarifies that Section 14 moratorium under IBC protects only the corporate debtor, not its directors, allowing criminal and homebuyer claims to proceed.
Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
The NCLAT clarifies that Section 14 moratorium under IBC protects only the corporate debtor, not its directors, allowing criminal and homebuyer claims to proceed.
RBI directs all regulated entities to comply with UAPA, 1967 after designation of a new terrorist organisation under Section 35(1)(a), requiring strict monitoring and reporting.
SAFEMA Tribunal upholds attachment of pre-offence, legitimately acquired property as equivalent value of proceeds of crime under PMLA when actual proceeds are unavailable.
Following the UAPA designation of Shahzad Bhatti Network as a terrorist organisation, RBI has directed all regulated entities to freeze assets and cease transactions linked to the entity.
RBI directs all financial institutions to enforce restrictions under UAPA following the government’s designation of a new terrorist organisation listed in the First Schedule of the Act.
FeaturedPunjab & Haryana High Court has rebuked GST authorities for arresting a trader despite ongoing judicial proceedings, directing immediate release and flagging record manipulation.
FeaturedThe Jammu and Kashmir High Court has ruled that raising secessionist slogans and inciting violence will prima facie constitute unlawful activity under the Unlawful Activities (Prevention) Act (UAPA). This ruling reinstates charges against Mohd Yousuf Lone, highlighting significant implications for similar cases in the region.
FeaturedThe Bombay High Court ruled that under Section 8(2) of PMLA, the ED must record a finding before freezing assets. This decision quashes the Enforcement Directorate's freeze on Rs. 100 crores belonging to Coda Payments, emphasizing the necessity for procedural adherence.
The Supreme Court expressed concerns over the impact of scandalous allegations against judges on judicial careers, while handling a plea from YouTuber Gulshan Pahuja.
The Gauhati High Court has denied anticipatory bail for an applicant in a fake GST invoice case involving a tax liability of ₹3.12 crore, noting the necessity of custodial interrogation.
The 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.
The Supreme Court has issued ten directives aimed at expediting trials in dowry-related cases, mandating courts to frame charges within 90 days and limiting adjournments to improve the enforcement of laws against dowry deaths and cruelty.