AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Securities Appellate Tribunal (SAT) has set aside SEBI's communications rejecting open offer withdrawals and remitted the matter for a speaking order, citing failure to consider material submissions.
The SEBI has amended Regulation 10(6) to establish a fixed auditor tenure of five years for InvITs, disallowing shorter terms. This regulation aims to enhance accountability and continuity in the auditing process.
The Orissa High Court has quashed a non-bailable warrant (NBW) issued against an accused in a PMLA case, establishing that summons or bailable warrants must precede an NBW. This ruling clarifies procedural fairness in PMLA trials.
The NCLT Delhi has admitted an application under Section 9 of the Insolvency and Bankruptcy Code, ruling that unauthorized WhatsApp chats do not establish a pre-existing dispute over supplies. This sets a precedent for the parameters of dispute resolution.
The RBI imposed a monetary penalty of ₹50,000 on Jalna District Central Co-operative Bank for non-compliance with regulatory directives on membership in Credit Information Companies.
The Bombay High Court clarified in KVIC v. Jaishukh N. Bhuta that while a wilful breach of interim injunction exists, punishment is not an automatic consequence. This ruling reinvigorates the discussion on the purpose of injunctions and the nature of compliance.
Mr. P. H. Kurian, a distinguished figure in Indian intellectual property rights administration, passed away after a courageous battle with cancer. His contributions as an IAS officer included key roles in various state departments and a reputation for effective governance.
The Andhra Pradesh High Court has deemed a GST assessment under Section 62 withdrawn due to delayed returns and payment of late fees.
The Gauhati High Court has quashed a GST order denying input tax credit (ITC), affirming that a timely return submission falls within the provisions of Section 16(5).
The Punjab and Haryana High Court has ruled that merely uploading GST notices on the common portal does not constitute valid service.
The Karnataka High Court has ruled that a contractor's claim for differential GST reimbursement from the employer is not maintainable in a writ petition.
The Telangana High Court has permitted the rectification of a GST order concerning discrepancies between GSTR-3B and GSTR-8 turnover submissions.
The Telangana High Court has allowed a two-week period for taxpayers to appeal against a GST order and has stayed any coercive recovery actions during this time.