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The National Financial Reporting Authority NFRA imposed a Rs. 2 crore fine on the statutory auditor and Rs. 15 lakh on two chartered accountants for professional misconduct during…
The Ministry of Corporate Affairs MCA amended the Companies Adjudication of Penalties Rules, 2024, stating that pending proceedings on or before September 16, 2024, will continue…
The Madras High Court rejected musician Harris Jayaraj’s plea to quash a service tax notice, ruling that his status as a musician falls under the definition of “service” as per…
The Bombay High Court cited procedural flaws in the expulsion of a student from Maharashtra National Law University MNLU for sexual misconduct and urged a reformative approach.…
The Bombay High Court overturned a Labour Court’s decision to reinstate a typist, clarifying the criteria for regularization of contractual workers in state instrumentalities. The…
The Supreme Court explained why it allowed the benefit of the Taxation and Other Laws Relaxation and Amendment of Certain Provisions Act TOLA in extending time limits for issuing…
The Maharashtra Real Estate Appellate Tribunal MahaREAT directed a builder to refund the entire amount paid by a homebuyer, along with interest from the date of payment. The case…
The Competition Commission of India CCI dismissed an abuse of dominance complaint against Indian Rare Earths Limited IREL . The complaint alleged that IREL abused its dominant…
The Income Tax Appellate Tribunal ITAT quashed an Rs. 84 lakh penalty under Section 270A of the Income Tax Act for misreporting of income related to Provident Fund PF and cess…
The Income Tax Appellate Tribunal ITAT directed that sales made by a Kaccha Arahtia commission agent for the principal should be excluded from turnover under Section 44AB of the…
The Allahabad High Court ruled that prima facie satisfaction must be recorded in a show cause notice SCN under Section 74 of the GST Act for wrongful availment of Input Tax Credit…
The Tamil Nadu Real Estate Regulatory Authority TNRERA directed Tata Value Homes to pay Rs. 3 lakh as compensation to a homebuyer for delay and mental agony. The case involved a…
The Customs, Excise and Service Tax Appellate Tribunal CESTAT ruled that no service tax is applicable on rental agreements in the name of individual partners for jointly owned…
The National Company Law Tribunal NCLT Mumbai ruled that a secured creditor can file a petition under Section 95 of the Insolvency and Bankruptcy Code IBC against a mortgaged…
The National Company Law Tribunal NCLT Mumbai admitted a Section 9 petition filed by Sunstar Industries against Syska LED Lights Pvt. Ltd. for defaulting on a payment of Rs 7.70…
The Bombay High Court exonerated a Navi Mumbai man of stalking charges, ruling that grooving his head while listening to loud music does not constitute an attempt to interact with…
The Supreme Court of India ruled that an arbitral award must carry post-award interest as per Section 31 7 b of the Arbitration and Conciliation Act, 1996. The court emphasized…
The Guwahati High Court clarified that violations of the Contract Labour Act by a contractor do not automatically confer employment rights to the contract workers. The court…
The Kerala High Court permitted the Travancore Devaswom Board to continue the selection process of Melsanthies head priests for the Sabarimala and Malikappuram temples. The court…
The Delhi High Court emphasized the need for stricter measures in trademark violation cases involving pharmaceutical products. The court issued an interim injunction against…
Foreign Portfolio Investors FPIs infused Rs 7,320 crore into Indian equities in August, a significant drop from Rs 32,365 crore in July and Rs 26,565 crore in June. The decline is…
Fintech companies are shifting towards secured credit products after achieving success with unsecured loans. The move is driven by the need to diversify and mitigate risks…
The article discusses the moral hazards associated with Public Sector Undertakings PSUs defaults and the reliance of banks on government ownership. It highlights the risks banks…
The State Bank of India SBI plans to raise the loan limit under its instant loan scheme for MSMEs, with no collateral required. This initiative aims to provide easier access to…
The Kerala High Court upheld the invocation of Section 74 of the Central Goods and Services Tax CGST Act against an assessee who failed to report actual sales to evade tax. The…
The Allahabad High Court ruled that a second application under Section 125 of the Criminal Procedure Code CrPC is maintainable even if the first plea was dismissed without liberty…
The Allahabad High Court reiterated that proceedings under Section 498-A of the IPC by a second wife are not maintainable. The court relied on previous rulings, including…
Albania’s Economy Minister has highlighted the potential for Albania to be a strategic partner for India in the Balkan region. The minister emphasized Albania’s favorable business…
India’s market regulator, SEBI, has called for a stricter review of Alternate Investment Fund AIF investors. The move aims to enhance transparency and protect investor interests…
Zetwerk announced plans to invest INR 500 crore to expand its renewables manufacturing capacity. The investment aims to enhance the company’s production capabilities and meet the…
The Patna High Court quashed the dismissal of Ram Pravesh Chauhan, a Sub Registrar, citing inadequate evidence in the disciplinary proceedings and reiterating Article 311…
The Delhi High Court ordered the reinstatement of CISF officer Satish Kumar, dismissed after being accused of conspiring with a female constable in a sexual harassment case. The…
The Allahabad High Court ruled that petitions under Article 227 of the Constitution are not maintainable against orders of arbitral tribunals when remedies under Sections 34 and…
Zetwerk announced plans to invest INR 500 crore to expand its renewables manufacturing capacity. The investment aims to enhance the company’s production capabilities and meet the…
Albania’s Economy Minister has highlighted the potential for Albania to be a strategic partner for India in the Balkan region. The minister emphasized Albania’s favorable business…
The Delhi High Court ruled that a fraction of the cause of action arising in Delhi is insufficient to invoke its jurisdiction. The case involved a doctor challenging the National…
The Allahabad High Court commuted the death sentence of a father-son duo convicted in a 2005 double murder case to life imprisonment. The court upheld their conviction but ruled…
A District Consumer Disputes Redressal Commission in Delhi ordered IAS Gurukul, a civil services coaching institute, to refund ?62,363 to a dissatisfied student and pay an…
The Allahabad High Court criticized the use of improper medical reports to determine the age of POCSO victims. The court emphasized the need for accurate and reliable medical…
The Delhi High Court criticized the state for filing a frivolous appeal in an attempt to rape case. The court found that the appeal lacked merit and was an abuse of the judicial…
Journalist Mahesh Langa moved the Gujarat High Court challenging the 10-day police remand granted by a magisterial court in an alleged GST fraud case. Langa, a senior assistant…
A consumer court imposed a Rs. 5,000 penalty on United India Insurance for denying a medical claim. The court found that the insurance company had acted in bad faith by rejecting…
The Delhi High Court granted an injunction in a patent infringement case involving mapping technology. The case was brought by a company claiming that its patented mapping…
The Kerala High Court ruled that anticipatory bail pleas must disclose if the accused is abroad. The court emphasized the importance of transparency and full disclosure in bail…
The Bombay High Court ruled on interim measures under the Arbitration Act, emphasizing the importance of maintaining the status quo during arbitration proceedings. The case…
Toplyne, a SaaS startup backed by Peak XV Partners and Tiger Global, has decided to shut down operations and return capital to investors. Despite raising over $17 million and…
OYO has restructured its top leadership to drive its international business, promoting five executives across various verticals. Sonal Sinha has been appointed as COO of OYO’s…
Justdial, owned by Reliance Retail, reported a 115% increase in net profit for Q2 FY25, reaching INR 154.07 crore compared to INR 71.79 crore in the same period last year. The…
A Policybazaar study reveals a 50% year-on-year increase in term insurance purchases by self-employed individuals in cities like Delhi, Chennai, and Bengaluru. The study…
The Central Consumer Protection Authority CCPA plans to take action against ecommerce players for flouting dark pattern norms during the festive season sales. Dark patterns refer…
The National Financial Reporting Authority NFRA imposed a Rs. 2 crore fine on the statutory auditor and Rs. 15 lakh on two chartered accountants for professional misconduct during…
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