Latest court orders, judgments, and legal developments from Indian courts — AI-curated and summarized.
NCLAT Delhi set aside a share buyout order due to absence of findings on oppression or mismanagement, directing fresh adjudication and valuation.
Kerala High Court set aside NCLT’s refusal to implead transferees in a share transfer dispute, holding that their presence was essential for fair adjudication under principles of natural justice.
SAFEMA reduces penalty from ₹10L to ₹5L; retains foreign currency confiscation on contravention.
Delhi High Court quashes ₹20 lakh FERA penalties due to uncorroborated statements and inadmissible loose sheets.
The Kerala High Court ruled that a commercial suit filed in an ordinary civil court cannot be rejected solely for want of jurisdiction under the Commercial Courts Act; instead, the plaint must be returned for presentation to the appropriate court.
The Himachal Pradesh High Court held that an admitted signature on a cheque, even if blank, triggers the statutory presumption under Section 139 of the Negotiable Instruments Act, placing the burden on the accused to rebut it.
The Kerala High Court ruled that a commercial suit filed before an ordinary civil court must be returned, not rejected, if jurisdiction lies with a designated commercial court under the Commercial Courts Act.
NCLT admitted petition under Section 7, ruling limitation period extended by last part repayment, affirming default within three years.
Delhi High Court cancels ₹20 lakh FERA penalties for lack of evidence, inadmissible documents, and uncorroborated retracted statements.
The Kerala High Court ruled that a commercial suit filed in a civil court without jurisdiction must be returned, not rejected, allowing the plaintiff to re-file in the appropriate commercial court.
The Himachal Pradesh High Court held that admission of a signature on a blank signed cheque creates a statutory presumption under Section 139 of the Negotiable Instruments Act, and failure to rebut it leads to conviction for cheque bounce.
The Kerala High Court held that a commercial suit filed before an ordinary civil court cannot be dismissed for lack of jurisdiction under the Commercial Courts Act. Instead, the plaint must be returned for presentation before the appropriate commercial court.