FeaturedNCLT Orders Liquidation of Corporate Debtor After Repeated Defaults
The NCLT has ordered the liquidation of a corporate debtor due to multiple defaults under an approved resolution plan, despite a significant payment of ₹171.48 crore.
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FeaturedThe NCLT has ordered the liquidation of a corporate debtor due to multiple defaults under an approved resolution plan, despite a significant payment of ₹171.48 crore.
The NCLT Mumbai has ordered the liquidation of Bymedo Healthcare LLP following a majority decision of the Committee of Creditors. This ruling marks a significant step in the insolvency proceedings of the healthcare firm.
The Kerala High Court has directed a reconsideration of the tax exemption claim for a Sports Centre based on its primary use and charitable activities. This ruling addresses the nuances of taxation applicable to entities performing charitable functions.
FeaturedA recent ruling by the Indian Supreme Court allowing modification of arbitral awards has been met with apprehension from international arbitration experts regarding its implications for global arbitration practices.
The Calcutta High Court awarded ₹5 lakh to a patient suffering from partial blindness after cataract surgery, ruling that the state government is strictly liable for medical negligence. The court underscored the duty of care owed to patients by state healthcare facilities.
The Delhi High Court has scrutinized the copyright strike mechanisms of social media intermediaries, raising concerns over automated content removals affecting free speech and access to information.
FeaturedThe Securities and Exchange Board of India (SEBI) uncovered substantial inflation of sales and purchases through deceptive transactions. The findings have led to serious implications for the involved company.
The Bombay High Court's ruling in Ashit Padhaya v. Assistant Controller emphasizes the necessity of transparency in patent examination processes. This landmark decision impacts how patent objections are argued and assessed.
The Supreme Court expressed concerns over the impact of scandalous allegations against judges on judicial careers, while handling a plea from YouTuber Gulshan Pahuja.
The Madras High Court ruled that preventing Dalits from entering temples on caste grounds constitutes untouchability, violating Article 17 of the Constitution.
The recent FEMA amendment by RBI substitutes NCLT references with Competent Authority designations, addressing merger process deficiencies but exposing unresolved structural issues.
FeaturedThe Supreme Court has ruled that a late deposit of the Foreign Travel Tax (FTT) by Saudi Arabian Airlines does not amount to a tax failure, thereby quashing a penalty of Rs. 71 lakhs imposed under Section 38(3) of the Finance Act.
FeaturedThe ITAT ruled that unutilised capital gains claimed as exempt under Section 54 cannot be taxed before the statutory investment period expires. This decision clarifies the timing of taxation related to capital gains not reinvested.