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Centre Can Authorise Officer To File Companies Act Fraud Complaint Alongside SFIO: SC [Read Order]
Judiciary
Centre Can Authorise Officer To File Companies Act Fraud Complaint Alongside SFIO: SC [Read Order]

Supreme Court dismisses the Centre’s review plea and clarifies that the Union Government can authorise a Central Government officer to institute a Companies Act fraud complaint in addition to the SFIO Director under Section 212(6).

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NCLT Sends Bira, Creditors To Mediation, Warns No Further Indulgence If Talks Fail [Read Order] Business
NCLT Sends Bira, Creditors To Mediation, Warns No Further Indulgence If Talks Fail [Read Order]

NCLT Delhi directs B9 Beverages, its promoters, financiers and creditors to attempt mediation, warns against further indulgence if settlement fails and restrains disposal of company assets.

Can Money Spent On A Girlfriend Be Reclaimed After A Breakup? Singapore HC Answers [Read Judgment] International
Can Money Spent On A Girlfriend Be Reclaimed After A Breakup? Singapore HC Answers [Read Judgment]

Singapore High Court dismisses a CEO’s $468,000 claim against his former girlfriend, holding that the disputed expenses were gifts made during their relationship and not repayable loans.

Piyush Goyal Calls for BRICS Payment System Linkages and Local-Currency Trade Ahead of New Delhi Summit Political NEWS
Piyush Goyal Calls for BRICS Payment System Linkages and Local-Currency Trade Ahead of New Delhi Summit

Piyush Goyal urges BRICS members to link payment systems, expand local-currency trade and improve digital commerce as India hosts the 18th BRICS Summit in New Delhi.

Outgoing Partner’s Share Must Reflect Current Value Of Firm’s Assets: SC [Read Judgment] Judiciary
Outgoing Partner’s Share Must Reflect Current Value Of Firm’s Assets: SC [Read Judgment]

The Supreme Court held that an outgoing partner’s share in a dissolved firm’s immovable assets must be valued at the time of final assessment, not frozen at the date of dissolution, and that a reconstituted firm cannot retain the assets without settling the outgoing partner’s share.

Company Can Face Mens Rea Prosecution Without Employee Being Arraigned : SC [Read Judgment]

The Supreme Court held that criminal proceedings against a company cannot be quashed merely because no natural person has been identified or arraigned, laying down a three-stage framework for attribut...

SC Pulls Up DLF, Haryana Over Road Deviation in Gurugram's Primus Project, Extends CBI Probe [Read Order]

The Supreme Court pulled up DLF and Haryana over deviations in the 24-metre road at Gurugram's DLF Primus project and directed the CBI to expedite its preliminary enquiry.

Homebuyers Cannot Be Penalised For Developer’s Default: Supreme Court Waives NOIDA’s Time Extension Charges [Read Judgment]

The Supreme Court has held that homebuyers and a Successful Resolution Applicant cannot be penalised for a developer’s default, waiving NOIDA’s time extension charges and setting aside the NCLAT d...

SC Revives Auction Sale Of Land, Says Title Dispute Cannot Be Decided Summarily

The Supreme Court revived the auction sale of 40.65 acres of land, holding that a genuine title dispute over alleged assigned land cannot be resolved through summary proceedings.

SC Quashes Tata Steel GST Notice, Says Bland Suppression Claims Can't Extend Limitation

The Supreme Court has quashed a GST show cause notice against Tata Steel, holding that extended limitation under Section 74 cannot be invoked through mere allegations of suppression without foundation...

Delhi High Court Directs Refund of Over ₹53 Crore to Vodafone Idea

Delhi High Court directs refund of over ₹53 crore to Vodafone Idea, holding that Form 26B cannot be insisted upon for refunds arising from assessment or appellate orders.

Settlement by Husband's Company Does Not Extinguish Wife's Liability in Cheque Bounce Case: P&H High Court

The Punjab and Haryana High Court held that a cheque bounce complaint under Section 138 of the NI Act cannot be quashed merely because the accused's husband's company undertook to discharge the liabil...

Bombay HC Releases Skoda Auto Volkswagen Tax Plea Over Delayed Reserved Judgment

Bombay High Court releases Skoda Auto Volkswagen's tax writ petition after reserved judgment remained pending for over a year, citing Supreme Court timelines.

SC Dismisses RIL Appeal Over Redaction of Affidavits in NTPC Gas Suit, Imposes ₹10 Lakh Costs [Read Judgment]

Supreme Court upholds redaction of RIL witness affidavits in the long-pending NTPC gas supply suit and imposes ₹10 lakh costs, urging expeditious disposal.

Ninth Circuit Affirms Jurisdiction Over Antrix, Rejects Forum Non Conveniens In Devas Award Case

US Ninth Circuit upholds US courts' jurisdiction to enforce Devas Multimedia's $562.5 million arbitral award against India's Antrix, rejecting forum non conveniens.

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