The NCLAT held that related party status established through an agreement cannot be changed by sending a termination notice against the terms of the agreement. This decision…
17/02/20251 min read
Read Sorted by Latest
The NCLAT held that related party status established through an agreement cannot be changed by sending a termination notice against the terms of the agreement. This decision…
The NCLAT ruled that there is no bar on a corporate debtor from contesting an application under Section 9 of the IBC, even if no reply is given to a demand notice issued under…
The NCLAT ruled that machinery hypothecated to a corporate debtor for a loan remains an asset, even if a third party claims ownership without providing a valid lease deed. This…
The NCLAT held that non-registration of a charge under Section 77 of the Companies Act does not bar a creditor from being treated as a secured creditor under the IBC during CIRP.…
The NCLAT ruled that a related party cannot assign debt to bypass disqualification from participating in the Committee of Creditors CoC . This decision prevents manipulation of…
The Delhi High Court ruled that the Customs Department must inform the concerned party about the disposal of confiscated property via both email and mobile. This decision…
The Kerala High Court upheld the constitutional validity of the cess levied on cinema tickets under Section 3C of the Kerala Local Authorities Entertainment Tax Act. This ruling…
The Delhi High Court addressed a show-cause notice regarding the quashing of a discharge. This highlights the procedural aspects of criminal law and the circumstances under which…
The Supreme Court ruled that the registration of charitable trusts for income tax exemption will be decided based on proposed activities, not actual activities. This clarifies the…
The National Insurance Company was held liable for deficiency in service for denying the full policy amount to the complainant. This ruling emphasizes the obligations of insurance…
The NCDRC dismissed a complaint against BMW, as the complainant could not prove any manufacturing defect. This decision highlights the burden of proof in consumer disputes. It…
The Finance Minister justified the income tax relief provided in the budget, assuring that the economic gains will follow. This statement emphasizes the government's belief that…
The ITAT directed reassessment of a disputed tax deduction claimed under the VSV scheme. This highlights the importance of proper documentation and adherence to the scheme's…
The ITAT ruled that a taxpayer must disclose cash in hand, bank balances, and receivables, even under the presumptive taxation scheme. This clarifies the disclosure requirements…
The ITAT upheld the PCIT's invocation, noting that the AO failed to properly divide the stamp duty valuation difference and unexplained investment. This emphasizes the importance…
SEBI notified SEBI Mutual Funds Amendment Regulations, 2025. These amendments are likely aimed at updating and improving the regulatory framework for mutual funds. They could…
India is pushing for trade reforms and aims for a bilateral agreement with the US by fall, says FM. This highlights India's focus on expanding trade relationships and boosting…
The Finance Ministry launched collateral-free loans for MSMEs to purchase equipment. This initiative aims to support MSME growth and facilitate access to finance. It can help…
SEBI notified changes in the certification of associated persons in the securities markets regulations. This aims to enhance the professionalism and competence of individuals…
The NCLAT ruled that a deposit security memorandum of understanding, in the absence of the effect of borrowing, cannot be categorized as financial debt. This clarifies the…
The Pune DGGI exposed a GST fraud involving fake invoices and shell companies. This highlights the ongoing challenges related to GST evasion and fraud. It underscores the need for…
The Calcutta HC dismissed a petition due to inappropriate serving of the show-cause notice under the CGST Act, citing the availability of a statutory remedy. This emphasizes the…
The NCLAT ruled that a liquidator can decide to proceed with a private sale using the Swiss challenge method. This provides clarity on the process of asset disposal during…
The ITAT struck down an excessive Section 14A disallowance due to the AO's failure to record dissatisfaction. This emphasizes the importance of due process in tax assessments. It…
The Income Tax Bill 2025 aims to simplify NRI taxation and provide greater clarity. This seeks to address the complexities faced by NRIs in fulfilling their tax obligations. It…
The Dream11 CEO warned of massive shutdowns in the online gaming sector due to the 28% GST impact. This highlights the potential negative consequences of high GST rates on certain…
The GST Council is considering tax rate cuts and possibly eliminating the 12% slab to boost consumption. These measures aim to simplify the GST structure and encourage spending.…
FM responded to Jaya Bachchan regarding GST on movie tickets, announcing a reduction from 28% to 18%. This reduction aims to make movie tickets more affordable. It may boost…
The Income Tax Bill 2025 keeps the capital gains tax structure unchanged but simplifies the language for clarity. This aims to make capital gains taxation easier to understand for…
GSTN introduced Form ENR-03 for enrolling unregistered dealers on the e-way bill portal. This facilitates e-way bill generation for businesses not yet registered under GST. It…
The Thrissur District Commission held Indian Oil Corporation liable for deficiency in service after a cylinder blast due to gas leakage. This decision underscores the…
Shares of online travel agency EaseMyTrip have hit a new 52-week low following the release of its Q3 results. The company's performance in the third quarter appears to have…
Kiranapra, a B2B e-commerce platform for grocery stores, has joined the Open Network for Digital Commerce ONDC . This integration will allow Kiranapra to scale its quick commerce…
Sirona's founders are reportedly in the final stages of buying back the company from personal care brand Good Glamm. This move would give the founders full control over Sirona and…
Lenskart, the eyewear retailer, is reportedly aiming for a $10 billion valuation in its upcoming initial public offering IPO , according to a report. The IPO is expected to…
Cloud kitchen platform Curefoods has received backing from the Landmark Group, a major retail conglomerate. This partnership will likely provide Curefoods with access to…
B2B e-commerce platform Udaan has secured $75 million in funding from existing investors like MG Prudential. This round maintains Udaan's valuation, indicating a challenging…
The Ayurveda Co. reported Rs 60 crore in revenue in FY24, but its loss soared 3x. This financial performance indicates rapid growth in revenue but also significant challenges in…
A91 Partners backed Rare Rabbit in a new funding round. This investment indicates confidence in Rare Rabbit's business model and growth potential. The funding will likely be used…
The Uttarakhand High Court raised privacy concerns regarding "brazenly living without marriage" in the context of the Uniform Civil Code UCC challenge. The court's observation…
Justice Muhamed Mustaque stated that Gandhiji's idea of village self-rule needs to be scrapped. This statement challenges the traditional understanding of decentralized governance…
The NFRA National Financial Reporting Authority moved the Supreme Court challenging a Delhi High Court decision that quashed notices issued against audit firms. The NFRA's appeal…
The Supreme Court stayed strictures passed by a High Court against the Haryana AAG Additional Advocate General . The stay indicates that the Supreme Court found merit in the…
The Madras High Court ruled that trial courts cannot deny video conference facility to lawyers. This decision promotes access to justice and streamlines court proceedings. The…
The Supreme Court upheld a contract clause that barred claims for damages due to delays in a construction project. This decision reinforces the importance of clearly defined…
A Jammu court granted bail to PhD scholar Aala Fazili, who was arrested in 2022 for a seditious article written in 2011. The bail was granted after a long period of incarceration,…
The Customs Department informed the Bombay High Court that the dispute over the demand of $1.4 billion in import duty from Volkswagen will not affect its production in India. The…
The Kerala High Court addressed a case involving Sadanandan Master and his political opponents. The case involved allegations of political rivalry and the enhancement of a fine…
The Kerala High Court dealt with the issue of reservation for persons with benchmark disabilities in the positions of government pleaders and public prosecutors. The court's…
The Gujarat High Court discussed matters related to the Advocates Association in an Extraordinary General Meeting. The meeting likely addressed issues concerning the legal…
The NCLAT held that related party status established through an agreement cannot be changed by sending a termination notice against the terms of the agreement. This decision…
Showing 50 of 42930 updates