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SEBI has penalized Rajib Kumar Mishra and Pawan Singh of PTC India Financial Services for severe corporate governance lapses. Mishra faces a Rs 10 lakh fine, while Singh has been…
The Department of Personnel and Training DoPT announced that three new criminal laws will take effect on July 1, 2024. It has advised ministries and departments to integrate these…
The Madras High Court dismissed Vision Holidays' writ petition challenging the CESTAT's decision due to a delay of 2727 days in filing the appeal, citing inadequate medical…
The Gujarat High Court, comprising Chief Justice Mrs. Justice Sunita Agarwal and Justice Aniruddha P. Mayee, ruled that merely filing an application under Section 34 of the…
The Reserve Bank of India RBI cancelled the licence of Purvanchal Co-operative Bank Ltd., Ghazipur, Uttar Pradesh, effective June 15, 2024, due to inadequate capital and earning…
IIFL Finance announced on June 15 that it has addressed the Reserve Bank of India's RBI concerns following a special audit of its books. The audit report has been submitted to the…
The RBI Monetary Policy Committee’s decision to retain interest rates has been positively received by the real estate sector. Dr. Niranjan Hiranandani of NAREDCO highlights…
The Gauhati High Court, under Justice Michael Zothankhuma, ruled that arbitration can resolve real estate disputes alongside remedies under the Real Estate Regulation and…
The Madras High Court remanded the matter for reconsideration concerning a 10% pre-deposit, noting that the petitioner was not afforded a hearing before the GST assessment order…
The Bombay High Court directed Bank of Baroda to refund Rs. 76,90,017 to Pharma Search Ayurveda Private Ltd and its director after a cyber fraud incident involving unauthorized…
JM Financial Ltd JMFL disclosed receiving an administrative warning letter from SEBI regarding its role as a Merchant Banker for certain past public issuances of non-convertible…
Hyundai Motor India, the Indian subsidiary of South Korean automaker Hyundai and the second-largest car manufacturer by sales, has filed draft IPO papers with SEBI to raise…
Bengaluru-based startup rampp.ai secured USD $500,000 in angel funding, announced on Thursday. Powered by OpenAI and partnered with Microsoft, it offers the RADI Navigator…
In a recent development concerning NEET-UG 2024 results, a petition filed in the Supreme Court seeks a comprehensive re-evaluation of all OMR answer sheets, re-ranking of…
Advocate Gaurav M Liberhan, known for his extensive practice in Civil & Commercial litigation in India's Supreme Court, High Courts, and Tribunals, has joined Maitland Chambers in…
In a significant ruling, the Telangana High Court affirmed the right of non-parties to file appeals under Sections 96-100 of the CPC if adversely affected by a trial court's…
The RBI issued a circular easing rules for Indian investors in overseas funds. Previously restrictive, the circular now allows Indian Limited Partners LPs to invest in overseas…
The Employees' Provident Fund Organization EPFO has reduced penalties for delayed deposits of provident fund, pension, and insurance contributions by employers. Under the new…
The National Company Law Tribunal, Mumbai Bench, ruled on an application under Section 9 of the Insolvency and Bankruptcy Code, 2016, filed by Mittal Polymers against Suvarna…
The National Company Law Tribunal NCLT has directed Byju's to maintain the status quo on its shareholding structure, halting its second rights issue. This interim order responds…
The Gauhati High Court held that despite the availability of remedies under the Real Estate Regulation and Development Act RERA Act , arbitration can still be invoked to resolve…
A Delhi court granted statutory bail to Jammu and Kashmir separatist leader Shabir Ahmad Shah in a money laundering case linked to terror funding. Despite this, Shah will remain…
The Kerala High Court directed ITAT to promptly resolve a Delay Condonation Application overlooked previously. The appellant had challenged a First Appellate Authority order under…
The Delhi bench of ITAT allowed deduction under Section 80IB 10 of the Income Tax Act for residential flats exceeding 1000 sq. ft., excluding open-to-sky balconies. Representing…
The Kerala High Court overturned the dismissal of an Income Tax Appeal by the ITAT for non-prosecution without considering its merits. The appellant, engaged in Software…
The Madras High Court recently dismissed a writ petition filed by B. Ramamoorthy against the Joint Director of Income Tax Investigation and S.R.S. Mining for lack of locus standi,…
In today's dynamic economic landscape, many individuals are supplementing their income through moonlighting, a practice of taking on secondary employment outside of regular work…
Fintech is revolutionizing financial services for MSMEs, enhancing access to credit and simplifying transactions. By using alternative data to assess creditworthiness, fintechs…
The Kerala High Court stayed income tax recovery proceedings pending an appeal, citing sufficient reasons provided in the delay condonation application by the petitioner, a…
The Madras High Court directed GST authorities to condone a 20-day delay in filing an appeal by A J Textiles. The court overturned the rejection of the appeal, citing statutory…
The Jharkhand High Court ruled that GST officers must not compel individuals summoned under GST to provide statements after office hours. The bench highlighted that statements…
The Kerala High Court dismissed a writ petition filed by Tikendra Singh Rithal for failure to deposit 20% of the assessed tax/penalty amount as required by the GST Act and…
The GST Council plans to meet on June 22 to discuss reducing the initial tax appeal deposit from 10% to 7% of the contested amount. It will also consider an amnesty scheme for…
The Reserve Bank of India RBI fined the Central Bank of India ₹1.45 crore and Sonali Bank PLC ₹96.4 lakh for non-compliance with regulations, including Know Your Customer KYC…
The Madras High Court remanded a Rs. 96 crore GST demand case against the Chennai Metropolitan Water Supply and Sewerage Board CMWSSB , citing misinterpretation of its activities…
The Madras High Court ordered restoration of GST registration for A.R.J. Engineering Works, cancelled due to non-filing of returns during illness, subject to nine strict…
The Madras High Court overturned an order concerning GST Input Tax Credit ITC availment due to procedural errors, requiring a 10% pre-deposit of the disputed tax demand. Ziss…
The Delhi High Court overturned the retrospective cancellation of GST registration for Visiontek Engineers, citing insufficient grounds in the Show Cause Notice SCN . The court…
The Government of Goa redefined the jurisdiction of GST Appellate Authority Officers through an order on June 13, 2024, under Rule 109A of the Goa GST Rules, 2017, superseding the…
The Indian government has reduced the windfall tax on domestically produced crude oil from Rs 5,200 per tonne to Rs 3,250, effective from June 15, as per an official notification.…
The Central Government, via notification no. 42/2024-CUSTOMS N.T. dated 12th June 2024, has designated Vizhinjam International Seaport for import and export operations under…
The Kerala High Court ruled that police officials cannot face prosecution for acts performed in official duty without prior sanction under Section 197 CrPC. Justice P.G.…
The Kerala High Court ruled that criminal proceedings under Section 498A IPC against an Australia-based man required prior sanction from the Central Government to proceed in…
The Kerala High Court upheld the conviction of a Muslim man under Section 498A IPC for subjecting his Hindu wife to dowry-related cruelty and harassment, despite the marriage…
The Delhi High Court has issued an ex parte interim order directing the removal of social media posts and videos by Congress leaders Ragini Nayak, Jairam Ramesh, and Pawan Khera…
The Delhi bench of the National Company Law Tribunal NCLT has ruled that the Committee of Creditors CoC under the Insolvency and Bankruptcy Code, 2016 IBC can decide to liquidate…
The National Consumer Disputes Redressal Commission, under AVM J. Rajendra, affirmed that the Consumer Protection Act supplements existing laws, ruling that an arbitration clause…
The National Consumer Disputes Redressal Commission, led by AVM J. Rajendra, ruled that disputes over entitlement to plot allotment under government policies do not fall under the…
The Telangana High Court upheld an Additional Metropolitan Sessions Judge's order in a domestic violence case, emphasizing the mandatory disclosure of assets and liabilities by…
The Supreme Court ruled that a High Court lacking original civil jurisdiction cannot extend the time limit for passing an arbitral award under Section 29A of the Arbitration &…
SEBI has penalized Rajib Kumar Mishra and Pawan Singh of PTC India Financial Services for severe corporate governance lapses. Mishra faces a Rs 10 lakh fine, while Singh has been…
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