AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Karnataka High Court has ruled that the limitation period for appealing a service tax adjudication order commences from the date of communication of the order. This decision quashes a garnishee order, emphasizing clarity on appeal timelines.
In a significant ruling, the NCLAT dismissed an appeal filed beyond the 45-day limit, reinforcing the legal principle that deadlines must be adhered to in insolvency proceedings. The decision underscores the tribunal's lack of jurisdiction to extend limitation periods.
The NCLAT has determined that the National Company Law Tribunal (NCLT) cannot issue notices to the Enforcement Directorate (ED) or the Central Bureau of Investigation (CBI) without satisfying the necessary legal conditions and hearing affected parties as mandated under Section 213(b) of the Companies Act.
In a significant ruling, the NCLAT dismissed a ₹18.85 crore claim against a corporate debtor due to insufficient evidence of a concluded agreement or banking trail. The decision reinforces the necessity for claimants to furnish adequate documentation to support financial claims.
The Income Tax Appellate Tribunal (ITAT) ruled that the department must substantiate the assessee's individual financial contribution before taxing the entire joint property acquisition.
In a recent judgment, the Delhi High Court allowed a belated revised return after it was determined that a taxpayer mistakenly paid tax on the same income in two different assessment years.
The Gujarat High Court has ruled that an organizational head cannot be charged with abetment in sexual harassment cases solely for disregarding complaints. This decision quashes criminal proceedings against former FIA President Kanaiyalal Trikamlal Patel.
The Delhi High Court has issued summons to a lawyer accused of sexual harassment by journalist Omar Rashid. The Court will hear Rashid's plea for interim injunction regarding the defamation claims in two weeks.
The NCLT Mumbai has admitted a Section 7 application under the Insolvency and Bankruptcy Code following a default of over ₹11.83 crore, allowing the initiation of the Corporate Insolvency Resolution Process (CIRP).
NCLT Ahmedabad has sanctioned the scheme proposed by Essar Power for a brand demerger and capital restructuring, marking a pivotal move in the company’s operational strategy.
The NCLAT rejected an appeal, affirming the NCLT’s jurisdiction over interim oppression proceedings in exclusive capital disputes. This ruling reinforces the power of NCLT in handling disputes concerning oppression and mismanagement.
The RBI has issued second amendment directions concerning the classification, valuation, and operation of investment portfolios for Urban Co-operative Banks to ensure compliance with evolving regulations.
The RBI has introduced a new half-yearly return for banks to report relief measures in natural calamity-affected areas through the Centralised Information Management System (CIMS) Portal.