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Supreme Court Rules: Registration Alone is Not Enough for a Valid Hindu Marriage, Ceremonies are Essential
SC rules: Marriage registration isn’t valid without ceremonies. Solemnization is key to a true Hindu marriage under the law.
Apr 30, 20243 min read
Adherence to Procedural Timelines: Tribunal upholds ED’s Provisional Attachment
Tribunal upholds ED's asset attachment, emphasizing strict adherence to procedural timelines in money laundering cases.
Apr 30, 20243 min read
Legislation by Incorporation v. Legislation by Reference: Supreme Court Explains the Jurisdiction of Special Courts
SC rules on Special Courts' jurisdiction, outlining key distinctions in legislative incorporation and reference.
Apr 30, 20243 min read
Customs v. IBC: Who controls confiscated assets?
NCLAT rules on asset control in insolvency, balancing customs authority and IBC mandates.
Apr 30, 20243 min read
Orissa HC Quashes Prosecution for Delay in TDS Submission When Delays Are Well Substantiated and TDS Deposited Prior to Prosecution
HC rules on justified TDS delays due to COVID-19 and CIRP, negating prosecution after payment.
Apr 29, 20243 min read
Bank’s Oversight: Supreme Court Upholds Procedural Compliance in Auction Sales under the SARFAESI Act
SC affirms the need for strict procedural compliance in bank auctions, reinstates tenants, and mandates interest on returns.
Apr 29, 20243 min read
Reserve Bank of India - Master Directions on Asset Reconstruction Companies, 2024
Introduction The Reserve Bank of India ( ‘RBI’ ) released the Master Direction – Reserve Bank of India (Asset Reconstruction Companies)...
Apr 29, 20245 min read
Interim Moratorium Does Not Commence If Application Is Filed Before a Forum Devoid of Jurisdiction
Discover how a jurisdiction error impacted a case on interim moratoriums, setting a significant legal precedent.
Apr 29, 20244 min read
Cooperating with Resolution Professionals: A Cornerstone of Effective Resolution
Explore how Section 19 of the IBC mandates key cooperation for effective insolvency resolution, impacting all stakeholders involved.
Apr 27, 20249 min read
Bombay High Court Prohibits Issuance of S. 148 Tax Notices Following Approval of Corporate Resolution Plans
Bombay HC declares S. 148 notices void post-resolution, ensuring clean slates for companies under new management.
Apr 27, 20242 min read
Understanding the Legal Importance of Notes of Accounts in Financial Statements
Supreme Court rules: Omitting notes from balance sheets can disqualify bidders—key for legal compliance!
Apr 27, 20243 min read
Cross-Empowerment under GST: Madras High Court Examines Jurisdictional Boundaries
Madras HC clarifies GST cross-empowerment: Central vs State tax authority jurisdiction reaffirmed for procedural clarity.
Apr 25, 20243 min read
[Supreme Court] Unfounded Conclusions or Awards That Disregard Evidence Are Legally Flawed and Can Be Challenged on Grounds of Patent Illegality
SC uses inherent powers to correct perverse arbitral awards in DMRC vs. DAMEPL, emphasizing the significance of patent illegality.
Apr 24, 20245 min read
Arm’s Length Principle in Transfer Pricing: A Conceptual Analysis
The arm’s length principle is the international standard for determining the taxability of profits resulting from transactions between...
Apr 23, 20248 min read
Rajasthan High Court Clarifies Limitation Period under Section 263 of the Income-tax Act, 1961
The Rajasthan High Court ruled that the limitation period for Section 263 revision should be calculated from the original assessment date.
Apr 22, 20242 min read
NCLT Proceedings Prevail Over Enforcement Directorate Proceedings
Kerala HC ruling emphasizes IBC's authority over PMLA, allowing asset liquidation to proceed balancing legal and creditor interests.
Apr 22, 20243 min read
Beyond the Guidelines: Delhi High Court Upholds Statutory Provisions in Compounding Applications
Delhi HC: Admin guidelines can't override statutes in compounding applications, ensuring fair balance in Earthcon Constructions case.
Apr 20, 20242 min read
Delhi High Court Rules on the Effect of Acquittal in Money Laundering Cases
DHC verdict impacts future money laundering cases, highlighting key legal precedents.
Apr 20, 20243 min read
RBI Proposes Comprehensive Draft Directions to Streamline Payment Aggregator Oversight
RBI sets new norms to regulate Payment Aggregators, enhancing transparency and security in digital payments.
Apr 19, 20243 min read
Defining SARFAESI Boundaries: Supreme Court’s Directives on High Court’s Intervention under Writ Jurisdiction
SC clarifies when HCs should step in under Article 226, emphasizing strict adherence to SARFAESI processes and remedies.
Apr 19, 20244 min read