Calcutta High Courtcorporate
Calcutta HC Returns Suit Challenging NCLT Valuation
The Calcutta High Court has returned a plaint challenging an NCLT-ordered valuation, citing lack of territorial jurisdiction and statutory bar.
Jul 5, 2026Read more →
Legal News & Insights
AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
Latest Articles
NCLTcorporate
NCLT Finds No Genuine Dispute; Admits Insolvency Plea
The NCLT has admitted an insolvency plea, ruling that routine discussions on campaign optimization do not amount to a genuine pre-existing dispute.
Jul 5, 2026Read more →
NCLTcorporate
NCLT Rules ₹2,500 Fee for Nil GST Returns Excessive
The NCLT has ruled that a ₹2,500 monthly fee per state for filing nil GST-3B and GSTR-1 returns during Corporate Insolvency Resolution Process (CIRP) is unreasonable and excessive.
Jul 5, 2026Read more →
Patna High Courtcriminaltax
Patna HC Denies Pre-arrest Bail in Fake GST Invoice Case
The Patna High Court has refused to grant pre-arrest bail to a company shareholder accused of issuing 857 fake GST invoices. The court noted the accused's criminal record as a factor in its decision.
Jul 5, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Remands ₹70 Lakh Property Purchase Claim for AO Verification
The ITAT has remanded a matter concerning a ₹70 lakh property purchase claimed as a gift from a husband, ordering fresh verification by the Assessing Officer. This emphasizes the importance of verifying claims of substantial gifts in taxation.
Jul 5, 2026Read more →
Income Tax Appellate Tribunaltax
ITAT Restricts Fuel Expense Disallowance to 5%
The ITAT has restricted the disallowance of fuel expenses to 5% due to practical difficulties in maintaining self-generated vouchers. This ruling addresses challenges faced by taxpayers in substantiating fuel expenses for tax purposes.
Jul 5, 2026Read more →
N/Acorporate
CMS INDUSLAW advises Daxko on acquisition of FitnessForce
CMS INDUSLAW successfully guided Daxko LLC in acquiring FitnessForce, demonstrating expertise in corporate acquisitions.
Jul 4, 2026Read more →
N/Acorporate
CMS INDUSLAW acts on Godrej Industries $105 million NCD issuance
CMS INDUSLAW successfully advised Godrej Industries on a $105 million issuance of unsecured non-convertible debentures, enhancing their financial market presence on the Indian stock exchange.
Jul 4, 2026Read more →
N/Acorporate
DSK Legal, Addleshaw Goddard, Eversheds Sutherland act on Person Centred Software acquiring Camascope
DSK Legal has successfully navigated the legal due diligence and closing processes for the acquisition of Camascope by Person Centred Software, which includes its Indian subsidiary. The transaction involved collaboration with multiple law firms.
Jul 4, 2026Read more →
N/Acorporate
Lex Consult, JSA act on Supply6 Series A fundraise
Kanari Nutrition Private Limited, operating as Supply6, successfully raised capital from a Series A fundraise totaling ₹XXX million. Legal advisors Lex Consult and JSA Advocates facilitated the transaction, representing Supply6 and lead investor Unilever Ventures, respectively.
Jul 4, 2026Read more →
CESTATtax
CESTAT Rules Two Months Means Calendar Months Under S. 85(3A)
The CESTAT has clarified that the limitation period under Section 85(3A) should be counted in calendar months rather than in days. This ruling remands the appeal for a decision on its merits.
Jul 4, 2026Read more →
Reserve Bank of Indiabankingcorporate
RBI Issues Credit Derivatives Directions, 2026
The Reserve Bank of India has introduced Master Direction on Credit Derivatives to regulate this emerging market segment effectively. The directions will impact all participants in the credit derivatives market.
Jul 4, 2026Read more →
Supreme Court of Indiacorporatefinance
SEBI Proposes GARUDA Mechanism for AIF Launch Timelines
SEBI has introduced the GARUDA mechanism to expedite AIF scheme launches, aiming to enhance efficiency while maintaining regulatory oversight.
Jul 4, 2026Read more →