AI-curated court updates, legal developments, and practice-area insights for Indian legal professionals.
The Calcutta HC denied bail to an individual accused of involvement in a multi-crore betting scam, citing prima facie evidence of providing mule accounts for illegal betting. This highlights strict judicial scrutiny in cases under the PMLA.
The Karnataka HC has upheld an auction notice under RERA, concluding that landowners under Joint Development Agreements (JDA) qualify as co-promoters. This ruling establishes key clarifications regarding responsibilities under real estate laws.
The Karnataka HC ruled that pre-deposit requirements under service tax appeals can be fulfilled using transitional CENVAT credit. This decision alleviates the financial burden on taxpayers by allowing reflected credits in the Electronic Credit Ledger.
The Kerala High Court has overturned the National Company Law Tribunal's imposition of Rs. 1 Lakh costs on Union Bank of India for procedural errors related to a withdrawal application. This decision emphasizes judicial discretion in evaluating procedural matters before tribunals.
The ITAT ruled that the Transferable Development Rights (TDR) sale is taxable as capital gains when land and buildings are surrendered in exchange for acquiring these rights, affirming the applicability of Section 45 of the Income Tax Act.
The Karnataka High Court has quashed the suspension of KPSC Chairman, ordering his reinstatement, accentuating procedural adherence in public service regulations.
The Central Consumer Protection Authority has fined Amazon for facilitating the sale of ordinary sweets labeled as Ram Mandir Prasad, highlighting consumer protection mandates.
The Bombay High Court has clarified that public authorities are not required to retrieve information from third parties to fulfill RTI requests. This ruling emphasizes the boundaries of obligation imposed by the Right to Information Act.
The IBBI has directed its CPIO to quickly dispose of RTI applications that seek information on valuation guidelines, stressing the importance of adhering to RTI timelines. This order highlights the accountability of public authorities under the RTI Act.
The Karnataka High Court has determined that banks lack statutory authority to create liens on current accounts of cooperative societies for TDS on cash withdrawals. This ruling emphasizes the limitations on banks' powers regarding such financial operations.
The Bombay High Court reiterated that only the Securities and Exchange Board of India (SEBI) has the authority to prosecute front-running cases, citing Section 26 of the SEBI Act. This reinforces the regulatory framework governing financial misconduct in India.
The Reserve Bank of India has issued notifications regarding amendments to the UNSC's sanctions list under Section 51A of the UAPA, which affect commercial banks and financial institutions. The updates include important changes that practitioners must be aware of for compliance purposes.
The Delhi High Court’s ruling in Home Box Office Inc. v. Streamzy.To provides critical insights on dynamic injunctions and their impact on copyright infringement strategies amid online piracy challenges.