The National Consumer Disputes Redressal Commission dismissed an appeal against St. Stephen's Hospital due to a 213-day delay in filing, emphasizing that condonation of delay is…
06/06/20241 min read
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The National Consumer Disputes Redressal Commission dismissed an appeal against St. Stephen's Hospital due to a 213-day delay in filing, emphasizing that condonation of delay is…
The Reserve Bank of India has amended the Master Direction on Interest Rate on Deposits, revising the definition of "Bulk Deposits" for Scheduled Commercial Banks excluding RRBs ,…
The Reserve Bank of India, under the Banking Regulation Act, 1949, extends the directive issued to Sikar Urban Co-operative Bank Ltd., Sikar, Rajasthan. Initially imposed on…
Ahead of the 2024 Lok Sabha elections, India is considering allocating around 4 trillion rupees $48 billion for food and fertilizer subsidies in the next fiscal year, signaling…
RBI has approved the voluntary merger of The Yadagiri Lakshmi Narasimha Swamy Co-operative Urban Bank Ltd., Yadadri Bhuvanagiri Telangana , with The Gayatri Co-operative Urban…
HDFC Life Insurance Company Ltd is trading at Rs 561.75, up 1.17% on the NSE at 12:49 IST. Over the last year, the stock has declined by 5.41%, while NIFTY surged by 24.64% and…
In FY24, public sector undertakings PSUs saw a record-high dividend distribution of ₹1.5 lakh crore, up from ₹1.07 lakh crore the previous year, reflecting improved profitability…
Despite the Sensex reaching record highs, over a third of actively-traded NSE stocks remain below June 3 levels. Exit poll optimism was shattered when BJP's election results fell…
FAIVM plans to request the new NDA government to extend MSME payment timelines to 180 days from the current 45 days. President Jayendra Tanna emphasized the need for uniform…
Ashv Finance, an MSME-focused NBFC under Aavishkaar Group, partnered with HDFC Bank to offer unsecured business loans to micro and small enterprises. The deal aims to enhance…
The Directorate of Enforcement ED , Delhi Zonal Office conducted search operations against Prafful Gupta and others on 06-06-2024 across Delhi, Haryana, and Kanpur UP regarding an…
The Directorate of Enforcement ED , Lucknow Zonal Office provisionally attached 05 immovable properties worth Rs. 3.06 Crore belonging to M/s Tulsiani Constructions and Developers…
The Directorate of Enforcement ED , Delhi Zonal Office provisionally attached movable and immovable assets worth Rs. 5.37 Crore belonging to Amit Kansal, Sanjay Kansal, Rekha…
The Directorate of Enforcement ED , Gurugram Zonal Office provisionally attached properties valued at Rs. 45.49 Crore under the Prevention of Money Laundering Act PMLA , 2002,…
Labour reforms under the Modi government initially showed promise, with steps like easing inspections, EPF portability, and maternity leave extensions. Plans to consolidate 44…
The NCLT Mumbai, comprising Justice V.G. Bisht and Mr. Prabhat Kumar, admitted a personal insolvency application against Mr. Rajkumar Nandlal Dhoot, Co-owner of Videocon…
The Insolvency and Bankruptcy Board of India IBBI has issued guidelines for appointing insolvency professionals IPs as interim resolution professionals IRPs , liquidators, and…
The Monetary Policy Committee MPC of the Reserve Bank of India, after assessing the current macroeconomic situation, decided to maintain the policy repo rate unchanged at 6.50…
The Competition Commission of India CCI has initiated a consultation process to revamp its general regulations, seeking feedback until July 8. Proposed changes include appointing…
RBI Governor Shaktikanta Das emphasized the need for banks to ensure their information technology systems' capacity aligns with their business growth. He reiterated the central…
RBI Governor Shaktikanta Das affirmed the stability of the banking, NBFC, and MFI sectors but emphasized vigilant monitoring. While acknowledging occasional outliers, he…
The Kerala High Court ruled that a man cannot challenge a child's paternity if his conduct shows otherwise. In 2022, the petitioner sought a DNA test, but the Family Court…
RBI Governor Shaktikanta Das urged banks to reassess their business strategies to address the persistent gap between credit and deposit growth. He mentioned potential actions to…
India amended the Banking Regulation Act via a presidential decree, bringing cooperative banks under the regulatory purview of the Reserve Bank of India RBI . The amendment…
The Allahabad High Court allowed the Vice-Chancellor and Members of the Executive Council of King George's Medical University to seek discharge of notices in pending contempt…
The Supreme Court criticized the Delhi High Court for extending the stay on a lower court's order granting bail to a money-laundering accused, Parvinder Singh Khurana. \r Justices…
The Reserve Bank of India extended the Directions placed on the National Mercantile Co-operative Bank Ltd., Lucknow U.P from March 10, 2023, to September 10, 2024. The extension,…
CESTAT Bangalore ruled that renting immovable property by Thrissur Municipal Corporation constitutes taxable service. The appeal contested a Service Tax demand confirmed by the…
The Reserve Bank of India announced several developmental and regulatory policy measures across two main areas: Regulations and Payment Systems/Fintech. \r Firstly, the revision…
The Allahabad bench of the NCLT directed the initiation of insolvency proceedings against Jaiprakash Associates Limited JAL , responding to petitions from ICICI Bank and SBI…
The Uttar Pradesh Public Service Commission UPPSC informed the Allahabad High Court about its investigation into a candidate's claim of tampered answer sheets in the UP Judicial…
CESTAT Bangalore bench reduced penalty to Rs. 5 lakhs for attempted improper export of confiscated goods under Section 113 of the Foreign Exchange Regulation Act, 1947. Appellants…
The NCLT Mumbai, comprising K. R. Saji Kumar and Sanjiv Dutt, held that the principal debtor and surety are jointly and severally liable, allowing simultaneous or independent…
The NCLAT Delhi, comprising Mr. Justice Rakesh Kumar Jain, Mr. Naresh Salecha, and Mr. Indevar Pandey, held that tax assessment orders issued during the moratorium under Sections…
The District Consumer Disputes Redressal Commission, South Mumbai, directed LIC to pay Rs 2 lakh claim to a widow, noting her deceased illiterate husband was unaware of policy…
CESTAT granted relief to Tata Steel Downstream, allowing adjustment of their service tax liability from credit as per Rule 6 3 of the Service Tax Rules. Tata Steel Downstream…
The NCLAT Delhi, with Justice Rakesh Kumar Jain and Mr. Ajai Das Mehrotra, held that Section 66 of the Insolvency and Bankruptcy Code IBC permits initiating proceedings against…
The Bombay High Court, led by Justice Abhay Ahuja, ruled that as long as no irreversible actions, such as property sales, have occurred, the Company Court can transfer proceedings…
The Chennai bench of CESTAT deemed service tax demand on landowner shares in an under-construction residential complex as unsustainable. M/s. Srivari Property Developers, engaged…
The Delhi High Court ruled that the Chief Information Commissioner CIC lacks jurisdiction to comment on the utilization of MPLADS funds by Members of Parliament MPs as the Right…
An application has been filed in the Supreme Court, urging the Union Government and SEBI to furnish a detailed report on the Share Market crash post the Lok Sabha 2024 Polls…
Sebi is considering measures to enhance mutual funds' participation and flexibility in the credit default swap CDS market. Proposals include permitting MFs to engage as buyers and…
Moody's Ratings affirmed the Baa3 ratings on Bank of Baroda BOB , Canara Bank, and Punjab National Bank PNB with stable outlooks. Improved credit metrics and declining…
The Calcutta High Court ruled that after insolvency proceedings and the approval of a resolution plan by the National Company Law Tribunal NCLT , a corporate entity starts anew,…
The Delhi ITAT disallowed the Section 54 deduction claim as the taxpayer failed to construct a residential house within the specified time. Sandeep Hooda sold a property in 2014,…
The Mumbai ITAT held that the date of possession of a new property should be deemed as the date of acquisition for deduction under Section 54 of the Income Tax Act. Sunil Amritlal…
The Delhi ITAT bench invalidated the assessment order due to the absence of proper scrutiny under Section 153D. MDLR Airline P Ltd, the assessee, argued that the approval lacked…
Senior advocate Kapil Sibal called for a reconsideration of three new criminal laws set to take effect on July 1, suggesting they be reviewed by the new government. He highlighted…
The Kerala High Court division bench upheld the classification of expenditure on leasehold premises as capital, not revenue, based on the Assessing Authority and First Appellate…
The Delhi High Court affirmed the Income Tax Appellate Tribunal's decision, stating donations to other charitable institutions meet the test of income application for charitable…
The National Consumer Disputes Redressal Commission dismissed an appeal against St. Stephen's Hospital due to a 213-day delay in filing, emphasizing that condonation of delay is…
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