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RBI Introduces .bank.in and .fin.in to Strengthen Financial Security and Combat Fraud
RBI launches .bank.in for banks and plans .fin.in for NBFCs, enhancing cybersecurity and safeguarding users from financial fraud.
Feb 143 min read
Karnataka High Court on PMLA Search & Seizure: Procedural Safeguards v. Investigative Powers
Karnataka HC rules on PMLA’s procedural safeguards, questioning the legality of search, seizure, and repeated summons by ED.
Feb 135 min read
IBBI Notifies Amendments to CIRP Regulations to Strengthen Creditor Representation and Streamline Real Estate Resolution
The IBBI’s 2025 amendments to the CIRP Regulations mark a pivotal reform in insolvency law—enabling early possession for homebuyers, formalising facilitator roles for large creditor classes, and mandating greater transparency in real estate projects. These changes aim to strengthen stakeholder representation, streamline the process, and build trust in insolvency proceedings.
Feb 103 min read
SEBI Strengthens Regulations for Persons Associated with the Securities Market
SEBI enforces stricter regulations on market associations, barring unauthorised investment advisory and misleading return claims.
Feb 84 min read
Bombay High Court: A Strong Stand Against the Misuse of Criminal Law in Contractual Disputes
Bombay HC quashes criminal charges in Rakesh Jain case, ruling that contractual disputes cannot be disguised as money laundering.
Feb 84 min read
IBC Overrides Tax Laws: NCLAT Declares Government Dues as Operational Debt
NCLAT upholds IBC’s supremacy over tax laws, ruling that government tax dues do not qualify as secured debt in insolvency proceedings.
Feb 82 min read
Literal v. Purposive Interpretation of Statutes: The Supreme Court, in a 2:1 Majority, Upholds Literal Interpretation of Section 31(4) of the IBC, With Dissent Favouring a Purposive Approach
A Supreme Court ruling reignites the debate on literal vs. purposive statutory interpretation, shaping the future of insolvency law.
Feb 78 min read
RBI’s Revised Penalty & Compounding Framework Under the Payment and Settlement Systems Act, 2007: Strict Yet Balanced
RBI introduces a revised framework for penalties & compounding under the PSS Act, ensuring fair enforcement & compliance clarity.
Feb 54 min read
Bombay High Court Reasserts Statutory Preconditions for Waiver of Interest under S. 220(2A) of the Income-tax Act, 1961
The Bombay High Court in Jitendra M. Doshi v. CCIT reaffirmed that a waiver of interest under Section 220(2A) of the Income-tax Act requires strict compliance with all three statutory conditions. The Court rejected the petitioner’s claim of financial hardship, citing lack of documentary evidence, inconsistent conduct, and non-cooperation. The judgment underscores the evidentiary threshold and taxpayer accountability under this discretionary relief provision.
Feb 45 min read
Delhi High Court Quashes Reassessment Notices for Non-Resident Entities
Delhi HC quashes reassessment of a non-resident entity, affirming that tax authorities must rely on specific, relevant, and timely evidence.
Feb 43 min read
Bombay High Court Upholds: Settlement with Creditors Alone Cannot Justify a Stay on Liquidation Proceedings Under the Companies Act
The Bombay High Court rules that creditor settlements alone do not justify a liquidation stay under Section 466 of the Companies Act.
Feb 43 min read
CBDT Issues Key Guidance on the Principal Purpose Test Under India’s DTAAs
CBDT clarifies the application of the Principal Purpose Test (PPT) under India's tax treaties to prevent treaty abuse and ensure compliance.
Feb 33 min read