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[Supreme Court] Permitting the Presence of an Advocate During Interrogation at a Visible but Not Audible Distance
SC affirms advocates can watch interrogations at a distance, balancing law enforcement with rights protection.
Jun 16, 20233 min read
Restoration of Property attached or confiscated under PMLA: An Overview
The article presents a comprehensive overview of the provisions and procedures pertaining to the restoration of properties that have been...
Jun 15, 20238 min read
Efficiency and Simplicity in Fast Track Mergers: Exploring the Impact of Recent MCA Amendments
Introduction to Fast Track Mergers: The Ministry of Corporate Affairs (“MCA”) introduced the new concept of Fast Track Merger (“FTM”) ...
Jun 15, 20236 min read
[ITAT-Delhi] Addition Under S. 68 of the Income-tax Act Was Deleted as the Assessing Officer Found No Incriminating Material
Introduction The Hon’ble Income Tax Appellate Tribunal – Delhi (‘ITAT’) ACIT, Central Circle – 19 v. KRBL Foods Ltd [i] . , upheld the...
Jun 15, 20233 min read
NFRA Cracks Down on Auditors with Fines and Bans -Rs 1 crore on CA Firm and 5 lakhs each on partners
In the recent case of M/s Sundaresha & Associates and CA C. Ramesh and CA Chaitanya G. Deshpande (Order No. NF-23/14/2022/05, NFRA M/s...
Jun 12, 20235 min read
An Overview of LRS
Introduction The Reserve Bank of India (‘RBI’) introduced the Liberalized Remittance Scheme (‘LRS’) back in February 2004. The LRS allows...
Jun 6, 20236 min read
SC Affirms Limitations of Section 66 of IBC Against Third Parties
Gluckrich Capital Private Limited v State of West Bengal Introduction On 19.05.2023, the Hon’ble Supreme Court rejected an application...
Jun 3, 20234 min read
SC Clarifies: Once NCLT is Satisfied of Default, Application Under Section 7 of IBC Must be Admitted
[SC] Once the NCLT is satisfied that there is a debt which is in default of payment, an application under section 7 of the IBC should be...
Jun 3, 20234 min read
[Delhi HC] S. 83 of the CGST Act Cannot Be Invoked to Secure the Revenue of Another Taxable Person
Delhi HC rules in favor of Zhudao Infotech, stating Section 83 of the CGST Act cannot be used to attach assets for others' tax liabilities.
Jun 1, 20233 min read
PMLA and CAs: Inclusion within the enforcement ambit
The money laundering law of India relies on access to information for effective enforcement and adjudication. Recently, the net of the...
May 31, 20239 min read
Stockbrokers Prohibited from Obtaining Bank Guarantees Based on Clients’ Funds
In recent regulatory developments, there has been a significant change regarding the practices of stockbrokers and their interaction with...
May 27, 20232 min read
Supreme Court empowers Creditors: Guarantors Liable for Non-Corporate Borrowers’ Defaults under IBC
In the case of K. Paramasivam v. Karur Vysya Bank & Anr. [i] , the Supreme Court has rendered a significant decision, affirming that...
May 25, 20233 min read