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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.

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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] Judiciary
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 attributing mens rea to corporations.

SC Pulls Up DLF, Haryana Over Road Deviation in Gurugram's Primus Project, Extends CBI Probe [Read Order] Judiciary
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] Judiciary
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 direction treating them as CIRP costs.

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.

Bombay HC Issues Notice to SBI, ED on Vijay Mallya's Plea Against Asset Recovery Order [Read Order]

Bombay High Court issues notice to SBI and ED on Vijay Mallya's plea challenging an order allowing confiscated assets to be used for recovery of bank dues.

ITAT Cuts BBC Global News India PE Profit Attribution From 15% To 12% Of Ad Revenue [Read Order]

ITAT Delhi partly allows six appeals by BBC Global News, reducing profit attribution to its Indian DAPE from 15% to 12% of advertisement revenue and directing tax-credit verification.

Trading While Possessing UPSI Sufficient To Establish Insider Trading : Supreme Court

Supreme Court holds that trading while in possession of unpublished price sensitive information attracts insider trading presumption under SEBI's 2015 PIT Regulations, regardless of purpose.


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Senior Citizens Rights Handbook

The Senior Citizen Rights Handbook is a comprehensive guide designed to empower elderly citizens with clear and accessible knowledge of their legal and social rights in India.

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