News & Judgements

Lupin Pharmaceuticals has acquired Huminsulin, a portfolio of insulin products, from Eli Lilly, a move aimed at strengthening its position in the global diabetes care market. The…

The Reserve Bank of India RBI reported a doubling of stress in the microfinance sector during the April-September period. The rise in non-performing assets NPAs is attributed to…

The RBI has proposed the introduction of a "lookup" facility for National Electronic Funds Transfer NEFT and Real-Time Gross Settlement RTGS systems. This new feature will allow…

Shares of a public sector undertaking PSU saw a dramatic 18% increase in a single day, attracting significant investor interest. The surge in stock price was attributed to…

The government has invested Rs. 17,581 crore under the Production-Linked Incentive PLI scheme for the specialty steel sector. This move is aimed at boosting domestic manufacturing…

Cars24, India’s leading used-car platform, has appointed Himanshu Ratnoo as its new CEO to spearhead growth and innovation in the used-car market. Ratnoo, who has extensive…

India Inc. has proposed a reduction in personal income tax rates ahead of the upcoming budget. The suggestion aims to boost consumer spending and stimulate economic growth,…

India’s economy is expected to grow steadily, with the RBI projecting a 6.2% growth in FY25. The resilience of India’s economy, despite global challenges like inflation and…

Jitendra Bagga, the VP of Central Operations at Zepto, a quick-commerce startup, resigned from his position. The resignation raised eyebrows, given Zepto’s rapid expansion and…

MSwipe, a leading payment solutions provider, reported a loss of Rs. 46 crore for FY24, reflecting challenges in sustaining growth in a competitive market. The company, which…

Shares of Ola, India’s leading ride-hailing company, tumbled by 4.6% following the exit of several top-level executives. The resignations raised concerns about the company’s…

The RBI Innovation Hub has piloted unsecured loan offerings for gig workers in a bid to provide financial stability to this growing segment. The initiative aims to provide easy…

Shares of Blackbuck, a logistics startup, hit the lower circuit limit after Morgan Stanley initiated coverage with an "underperform" rating. The decision by the prominent…

Four individuals were arrested in Gujarat in connection with a fraud case involving CRED, an Indian fintech company. The alleged fraud, amounting to INR 12 crore, involved the…

The Jammu and Kashmir High Court ruled on the title of land acquired gratuitously, holding that any transfer of land without consideration does not automatically confer ownership…

The Supreme Court ruled that a father’s right to visit his child should not come at the expense of the child's health and well-being. In a case involving a custody dispute, the…

The Tripura High Court addressed a PIL calling for better implementation of the Prevention of Cruelty to Animals Act in the state. The petition raised concerns about the growing…

The Allahabad High Court granted bail to a man accused of rape in a case involving a relationship between a "jija" brother-in-law and "sali" sister-in-law . The Court observed…

The Orissa High Court, suo-motu, initiated a Public Interest Litigation PIL concerning the installation of CCTV cameras in police stations following an alleged assault case…

The Allahabad High Court ruled that the approval of school committees is necessary for land leasing. The case involved the question of whether a school’s land lease could be…

The Karnataka High Court ruled on the scope of revisional jurisdiction and discharge applications, emphasizing the procedural aspects of criminal cases. The case involved the…

The Delhi High Court ruled that an employer cannot recover excess payments made to employees for periods extending beyond five years. The case involved an employer attempting to…

The Madhya Pradesh High Court ruled that advance increments given to government servants for family planning sterilization should be revisited. The case involved a government…

The Gauhati High Court suggested that a person denied family pension due to non-provincialization of service before death should make a fresh plea to the governor. The case…

The Supreme Court ruled that the Assam Land and Revenue Regulation, which grants the power to execute partitions to revenue authorities, does not bar civil courts from…

The Supreme Court ruled that visitation rights of a parent cannot be at the cost of a child’s health and well-being. The case involved a dispute over visitation rights, where the…

The Supreme Court ruled that a plaint should be rejected if it is clearly time-barred, according to Order VII Rule 11 of the Civil Procedure Code CPC . The case involved a…

The Supreme Court ruled that central government employees cannot take benefits from both the Modified Assured Career Progression Scheme MACPS and time-bound promotions. The case…

The Supreme Court directed a surgeon to pay Rs 35 lakh to a patient who developed an infection after cataract surgery, finding blatant medical negligence. The case involved a…

The Delhi High Court upheld limited judicial interference in arbitral awards and dismissed a petition challenging an arbitral award in a telecom dispute. The case involved a…

The Food Safety and Standards Authority of India FSSAI issued an advisory for e-commerce food business operators to ensure consumer protection. The advisory stressed that…

The Delhi State Consumer Commission ruled that insurers cannot introduce new grounds for repudiation after an insurance claim has been filed. The case involved a dispute with…

The Delhi State Consumer Commission ruled that a complainant is not bound to accept possession after an unreasonable delay in property handover. The case involved a delay by…

The Competition Commission of India CCI ruled that allegations of breach of contractual obligations and unfair trade practices do not fall within the purview of the Competition…

The Karnataka High Court ruled that any GST investigation, search, seizure, and arrest conducted for tax evasion by an officer who is not authorized is invalid. The case involved…

The CESTAT ordered a re-examination of the service tax liability on interest-free advances made for agricultural land, due to ambiguous clauses in the Memorandum of Understanding…

The CESTAT ruled that discounts and incentives provided by Honda, tied to the sale and purchase of goods, are not subject to service tax. In the case, Honda offered various…

The Allahabad High Court ruled that a co-owner’s consent letter is not required for GST registration if ownership of property is established through an electricity bill. In the…

The CESTAT ruled that royalty payments for the transfer of technical know-how cannot be classified as payments for consulting engineer services. The decision clarified that…

The CESTAT ruled that activities carried out by global account managers are classified as business support services, not business auxiliary services, due to their operational…

The NCLAT ruled that claims under the Insolvency and Bankruptcy Code IBC will not survive if unit holders have already been handed over possession and a conveyance deed has been…

The CESTAT ruled that construction services under collaboration agreements fall under the category of works contracts and are subject to service tax. The ruling clarified that…

The ITAT allowed a write-off of Rs 8,002 related to non-recoverable employee advances as a business expense under Section 37 of the Income Tax Act. In this case, a company had…

The ITAT quashed additions to a taxpayer’s income under Section 153C of the Income Tax Act, stating that such additions cannot be made without incriminating material. The case…

The Madras High Court ruled that a GST Movement MOV-09 must be issued within seven days of the notice under Section 129 3 of the GST Act. The ruling emphasized that timely…