News & Judgements

The Institute of Chartered Accountants of India ICAI has introduced new quality management standards to improve auditing practices in India. These standards emphasize risk…

The Insolvency and Bankruptcy Board of India IBBI has extended the deadline for filing forms to monitor liquidation processes under the Insolvency and Bankruptcy Code IBC until…

Indian corporations are increasingly setting up Global Capability Centers GCCs to streamline operations and reduce costs. This trend, once dominated by foreign companies, is now…

An Indian influencer is facing backlash after advising followers to invest in Systematic Investment Plans SIPs instead of purchasing cars. The influencer’s rationale was that cars…

CRISIL has assigned an AA rating with a stable outlook to State Bank of India’s SBI Tier I bonds. The rating reflects the bank’s strong market position, robust capitalization, and…

Ugro Capital has secured a $40 million financing facility from the U.S. International Development Finance Corporation DFC , marking a crucial step in its efforts to scale…

Ambuja Cements experienced a 2% decline in stock price following a block deal in which shares worth ₹909 crore changed hands. The block deal involved a large volume of shares…

Red Fort Capital, a private equity firm, secured a ₹22.6 crore debt funding from major PSU banks. This investment demonstrates banks' confidence in Red Fort’s financial viability…

Rail Vikas Nigam Ltd RVNL , a Navratna PSU, recently secured a massive ₹7,984 crore order from Madhya Pradesh Metro Rail Corporation for constructing elevated viaducts and…

The stock markets closed lower for the second consecutive day amid foreign fund outflows. Investors remain cautious due to global economic uncertainties and geopolitical tensions.…

Infosys has added ₹6,913.33 crore to its market capitalization, providing a boost to Narayana Murthy’s stake in the company. The increase in market cap reflects investor…

Mayank Kumar, co-founder of upGrad, has stepped down to start a new venture. Kumar’s departure marks a significant change for upGrad, a leading edtech company. His new venture…

Neuron7, a SaaS startup focused on product innovation, has raised $44 million from Smith Point Capital. The funds will be used to enhance Neuron7’s AI-driven platform, which helps…

The Supreme Court has reserved its verdict in the Jet Airways ownership case, involving a dispute between the Jalan Kalrock Consortium JKC and the airline’s former lenders led by…

The Supreme Court has asked the Delhi Lieutenant Governor LG to file a personal affidavit regarding the illegal felling of trees in the Ridge Forest. The court expressed concern…

The Solicitor General SG objected to Zakir Naik’s plea in the Supreme Court, arguing that a fugitive cannot maintain an Article 32 petition. Naik, facing multiple charges in…

The Central Information Commission CIC has directed the Supreme Court’s Public Information Officer PIO to re-examine an RTI application seeking details on complaints against…

The Supreme Court expressed dismay over the reluctance of Punjab and Haryana to act against stubble burning. The court summoned the Chief Secretaries of both states to explain…

The Supreme Court directed the West Bengal government to ensure that the referral system refers patients to hospitals with adequate beds and specialized doctors. The court…

The Maharashtra Real Estate Appellate Tribunal MahaREAT ruled that homebuyers have an unconditional right to claim interest for delayed possession. The tribunal set aside a…

The Haryana State Consumer Disputes Redressal Commission held LIC liable for wrongful repudiation of a valid life insurance claim. The commission found that LIC’s rejection of the…

The Kerala High Court directed the state government to integrate village departments into the RTI online portal, enhancing transparency and accessibility of information. The…

The Supreme Court emphasized that courts must assess fair compensation in motor accident claims, beyond the claimant’s rough calculations. The court ruled that compensation should…

Kerala High Court ruled that criminal courts can exclude charges not included in the final report but supported by prosecution records. The court held that charges can be framed…

Gujarat High Court expressed concern over police involvement in commercial disputes, highlighting undue interest and interference. The court was hearing a case where the police…

Allahabad High Court directed the framing of guidelines for maintenance allowance payments to estranged spouses of government employees. The court emphasized the need for clear…

Bombay High Court clarified that interest on delayed refunds under Section 27A of the Customs Act is payable after three months from the date of the refund application, not from…

The Supreme Court gave a final chance to High Courts, the Centre, and States/UTs to comply with directions to prevent unnecessary arrests and remand. The court emphasized the need…

Delhi High Court sought the Bar Council of India’s BCI stance on attendance requirements for five-year LLB courses. The court was hearing a petition challenging the mandatory 75%…

Madhya Pradesh High Court quashed the suspension of a contractor by the Public Works Department. The court found that the suspension was arbitrary and lacked proper justification.…

Karnataka High Court issued notice to the state government over a Public Interest Litigation challenging a government order allowing the Waqf Board to issue marriage certificates.…

Delhi High Court summoned the in-charge of the mediation centre at Karkardooma Courts for failing to translate a settlement agreement into the vernacular language understood by…

Allahabad High Court denied relief to Arif Hussain, accused of gang rape, who claimed to have converted to Sanatan Dharma. The court questioned his Aadhaar application, which…

Orissa High Court quashes 13-year suspension penalty on Revenue Inspector Kansari Behera after his acquittal in a corruption case. The court ruled that the disciplinary authority…

The Kerala High Court directed the Kerala State Legal Services Authority KELSA to ensure that maternity benefits are provided to eligible women, emphasizing the importance of…

The Delhi High Court ordered the deletion of a Wikipedia page related to a pending defamation suit filed by ANI, finding the content prima facie contemptuous. The court’s decision…

The Rajasthan High Court quashed a criminal case involving the misuse of a blank signed cheque, emphasizing the need for concrete evidence in such cases. The case involved a…

The Hyderabad bench of the National Company Law Tribunal NCLT has dismissed a Corporate Insolvency Resolution Process CIRP petition filed by Amogh Industrial Products against…

The Central Board of Direct Taxes CBDT has issued a comprehensive Guidance Note on the Direct Tax Vivad se Vishwas DTVSV Scheme, 2024, through Circular No. 12 of 2024. This…

The Delhi Commercial Court ruled that an arbitration award passed by a sole arbitrator appointed unilaterally without jurisdiction is non-est. The court emphasized that the…

The GSTR-9 annual return and GSTR-9C reconciliation statement are crucial for GST-registered taxpayers. GSTR-9 consolidates all monthly/quarterly returns filed during the…

The Institute of Chartered Accountants of India ICAI has acquitted a Chartered Accountant CA of misconduct allegations related to an “off the books” share purchase. The CA was…

The Central Board of Indirect Taxes and Customs CBIC has updated the customs tariff values for various commodities, including crude palm oil, RBD palm oil, crude soybean oil,…

Ola has engaged EY India to improve its customer service amid regulatory challenges. The collaboration aims to address customer grievances and enhance service quality. Ola’s move…

The Income Tax Appellate Tribunal ITAT has quashed a reassessment order due to an invalid notice issued under Section 148 of the Income Tax Act, 1961. The case involved a taxpayer…

The Central Board of Direct Taxes CBDT has issued a Guidance Note in the form of Frequently Asked Questions FAQs to clarify the Direct Tax Vivad Se Vishwas DTVSV Scheme, 2024.…

The Income Tax Department will implement a systematic process to verify ‘high-risk’ refund claims filed for the assessment year AY 2024-25, which corresponds to the financial year…

The NCLT Mumbai ruled that an authorized officer of a financial creditor can file a petition under Section 7 of the IBC. The tribunal clarified that the authorized officer does…

Several top automakers, including Mahindra, Tata Motors, Hyundai, and Maruti, have received tax notices for unpaid compensation cess on utility vehicles sold before 2022. The…

The Directorate General of GST Intelligence DGGI is nearing the completion of its investigations into pre-GST tax evasion cases, primarily involving service tax and central…