AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The RBI has levied a penalty of ₹6.20 lakh on Five Star Business Finance Limited for non-compliance with KYC and Fair Practice Code provisions.
A recent exploration of historical debates on the Copyright Act reveals insights into the ignored concept of Reversionary Rights, raising questions about its status in current IP jurisprudence.
The Calcutta High Court ordered a fresh hearing for a taxpayer due to the non-receipt of a show cause notice.
The Delhi High Court ruled that GST show cause notices uploaded without effective communication are invalid, quashing the GST demand.
The Punjab and Haryana High Court ruled that a GST penalty order issued without a show cause notice is invalid, reaffirming principles of natural justice.
The Delhi High Court held that the amended limitation provision under GST cannot be applied retrospectively, preserving vested rights.
The High Court granted bail in a GST ITC fraud case, noting the documentary nature of evidence and the accused's clean antecedents.
The Karnataka High Court ruled that Input Tax Credit cannot be denied solely due to GSTR-2A mismatches, quashing the ITC demand and ordering for fresh adjudication.
The NCLT ruled that a Yes Bank loan secured on promoters’ property is to be reclassified as unsecured debt in the context of Roofco Trading's insolvency. This ruling clarifies the definition of secured debt under the IBC.
The NCLT has admitted a Section 9 plea against Evoq Remedies for failing to refund ₹1.95 crore for goods that were not delivered, initiating insolvency proceedings against the company.
The NCLT has initiated a CIRP against a paper mill due to the absence of a genuine dispute regarding an operational debt of ₹1.25 crore. An Interim Resolution Professional has been appointed.
The CBDT hosted a webinar discussing the new Income-tax Act, 2025, with over 1,100 participants from 16 countries. The session focused on India’s evolving tax framework and international tax cooperation.
The NCLT permitted the correction of a default date in an insolvency plea against Coffee Day Global Ltd, ruling that it constituted a clarificatory amendment and did not introduce a new claim.